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2 years ago

8

. If $240 is invested at an interest rate of 9% per year and is compounded monthly, how much will the investment be worth in 14

years?

1 answer:

alukav5142 [94]2 years ago

5 0

A(14)=240(1+0.09)^14-1

A(14)=240(1.09)^13

A(14)=240(3.065)

A(14)=735.79

Make sure the calculations m

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