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the value of $500 invested at 5% interest compounded monthly for 4 years?

Round to two decimal places

2007-02-01 02:50:44 · 1 answers · asked by Reel a 1 in Business & Finance ➔ Personal Finance

1 answers

500 * (1+.05/12)^48 = 610.45

2007-02-01 03:07:14 · answer #1 · answered by Alexander K 3 · 0⤊ 0⤋

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