christaniinge2 christaniinge2

29-10-2021
Mathematics

contestada

2 pts
Find the total future amount for $500 invested at 2.74% for 4 years compounded
monthly.

Respuesta :

cezirngast cezirngast

29-10-2021

Using the compound interest formula:

500 x (1.0274 to the power of 4 )
=£557.10

Calculator answer below:

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