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 ye

Question

olasank [31]

3 years ago

13

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 ye

ars?

Mathematics

2 answers:

qaws [65] · Answer 1 · 2022-07-04T19:37:17+03:00

qaws [65]3 years ago

6 0

I keep getting 64 dollars i hope it helps

Luba_88 [7] · Answer 2 · 2022-07-04T21:57:53+03:00

Luba_88 [7]3 years ago

5 0

If $240 is invested at an interest rate of 9% per year and is compounded monthly, the investment in 14 years will be 36, 288. Thank you for posting your question. I hope this answer helped you. Let me know if you need more help.