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Irina18 [472]
3 years ago
15

How much money will you have in 3 years if you invest $1000 at 3% compounded monthly?

Mathematics
1 answer:
Marta_Voda [28]3 years ago
5 0
A=p(1+i/m)^mn
A=1,000×(1+0.03÷12)^(12×3)
A=1,094.05
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