samiamsam samiamsam

02-07-2018
Mathematics

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How much was $500 invested at 6% interest compounded monthly be worth after four years

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wolf1728 wolf1728

02-07-2018

Total = 500 * (1 + .06/12) ^ 12 * 4
Total = 500 * (1.005) ^ 48

Total = 500 * 1.2704891611
Total =635.24

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02-07-2018

632.5 I think is how much

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