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Lorico [155]
3 years ago
9

The value is $400 invested at 4% interest compounded monthly for 10 years.

Mathematics
1 answer:
svetoff [14.1K]3 years ago
8 0
The equation for interest is 
'Initial amount (interest rate in decimal form) ^ times compounded EX: years'

your equation would be
400(1.04)^10

which equals 592.097713 (not rounded)
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