felimpotoymoni
felimpotoymoni felimpotoymoni
  • 02-09-2016
  • Mathematics
contestada

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 years?

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papi666kurls
papi666kurls papi666kurls
  • 06-09-2016
i keep getting 64 dollars i hope it helps
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meerkat18
meerkat18 meerkat18
  • 07-09-2016
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.
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