Question

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?

Answer 1

i keep getting 64 dollars i hope it helps

Answer 2

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.