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Shtirlitz
[24]
3 years ago
9
How much would $200 invested at 4%/compounded monthly be worth after 8 years?
Mathematics
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answer:
MrRa
[10]
3 years ago
4
0
R = 4% = 0.04 compounded monthly = 12 times per year, for t = 8 years
principle P = 200
If you put those values in you get <span>a(8)=200∗(1+<span>0.0412</span><span>)<span>12∗<span>8</span></span></span></span>
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