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madam [21]
3 years ago
7

Timothy invested $1,500 in a company retirement account that pays 4% annual interest, compounded monthly. Find the value of his

investment after 20 years.
Mathematics
2 answers:
aalyn [17]3 years ago
6 0
A=1,500×(1+0.04÷12)^(12×20)
A=3,333.87
ehidna [41]3 years ago
5 0
Answer is A=3,333.87
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