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irina1246 [14]
3 years ago
5

If John invests the $1,000 he receives today at an interest rate of 4.8% compounded monthly, in one year the investment will be

worth how much?
When John receives $1,000 a year from now, the $1,000 he invested today will be worth how much more than the $1,000 he receives in the future?
Mathematics
1 answer:
seropon [69]3 years ago
5 0
First you have to do 12x1200 then the answer is 9999
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uysha [10]
For this case we have an equation of the form:
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5 0
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