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joja [24]
3 years ago
10

How much was $500 invested at 6% interest compounded monthly be worth after four years

Mathematics
2 answers:
ASHA 777 [7]3 years ago
8 0
632.5 I think is how much
bogdanovich [222]3 years ago
3 0
Total = 500 * (1 + .06/12) ^ 12 * 4
Total = 500 * (1.005) ^ 48

Total = 500 * <span> <span> <span> 1.2704891611 </span> </span> </span> <span> </span>
Total =635.24

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