If John invests the $1,000 he receives today at an interest rate of 4.8% compounded monthly, in one year the
2 answers:
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.
Answer:
In a year the investment will be worth $1,048
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-2,2 is the answer hoped it helped :)
