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adoni [48]
3 years ago
12

If $5000 is invested at 7.8% interest compounded monthly, how much would you have after 54 months?

Mathematics
1 answer:
Nuetrik [128]3 years ago
6 0

5000 x (1+0.078/12)^54

5000 x (1.0065)^54

$7094.37

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