Hellen invested 20,000 that earns 4.68% compounded monthly for four years00 earn 4.68% compounded monthly for 4 years future val
ue
1 answer:
Answer:
24,108.59
Step-by-step explanation:
The future value formula seems applicable.
FV = P(1 +r/n)^(nt)
FV = 20,000(1 +0.0468/12)^(12·4) = 20,000(1.0039^48)
FV ≈ 24,108.59
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