What is the future value of $4000 earning 18% interest, compounded monthly, for 6 years? (Round your answer to two decimal place
s.)
2 answers:
Step-by-step explanation:
p=4000
r=18
t=6
s.i=prt/100
s.i=400×18×6/100
s.i=4×18×6
s.i=432$
____________________________
s.i+p=amount=432+4000=amount
amount=4432$
____________________________
round off 2 places=44_3_2
=4430$
Answer:
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