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irga5000 [103]
3 years ago
10

How much would $500 invested at 6% interest compounded monthly be

Mathematics
1 answer:
kirza4 [7]3 years ago
3 0
The answer is $4,320 because you would multiply 500 by 0.06 to get 30. Then since that monthly you would multiply that by 12. Then since it’s over 4 years the final answer is $4,320.
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