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DedPeter [7]
3 years ago
9

calculate the amount in an account that earns 4.25% apr, compound monthly, for 5 years if you invest $10,000

Mathematics
1 answer:
photoshop1234 [79]3 years ago
5 0
FV = P(1+r)^n
FV = 10000(1+0.0425/12)^5*12
FV = 10000(1.003541666...)^60
FV = $12363.019
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