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Dmitry_Shevchenko [17]
3 years ago
11

How much would $100 invested at 8% interest compounded monthly be worth after 6 years? Round your answer to the nearest cent. Do

not include units in your answer.
Mathematics
1 answer:
Neko [114]3 years ago
4 0
<span><span>FV = $100*(e^rt)
FV = $100*e^(0.08*6)
FV = $100*e^0.48
FV = $100*1.616
FV = $161.6</span><span>
</span></span>
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