samiamsam samiamsam
  • 02-07-2018
  • Mathematics
contestada

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

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wolf1728
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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mh101 mh101
  • 02-07-2018
632.5 I think is how much
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