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Jlenok [28]
3 years ago
7

What's the future value of $1,200 after 5 years if the appropriate interest rate is 6%, compounded monthly?

Mathematics
1 answer:
dezoksy [38]3 years ago
4 0
Fv=1200(1+0.06/12)^12*5
Fv==1,618.62
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