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Yakvenalex [24]

2 years ago

15

Find the total future amount for $500 invested at 3.35% for 4 years compounded monthly.

1 answer:

weeeeeb [17]2 years ago

7 0

Answer:

$ 746.16

Step-by-step explanation:

MONTHLY interest = .0335/4

4 years = 48 months

500 ( 1 + .0335/4)^48 = 746.16

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