If John invests the $1,000 he receives today at an interest rate of 4.8% compounded monthly, in one year the

Mathematics

2 answers:

Neporo4naja [7]3 years ago

8 0

Answer:

If John invests the $1,000 he receives today at an interest rate of 4.8% compounded monthly. in one year the investment will be worth $ 1,049

When John receives $1,000 a year from now, the $1,000 he invested today will be worth $49 more than the $1,000 he receives in the future.

Step-by-step explanation:

Just answered the question.

USPshnik [31]3 years ago

6 0

Answer:

In a year the investment will be worth $1,048

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