katelynniwell katelynniwell
  • 13-03-2017
  • Mathematics
contestada

Timothy invested $1,500 in a company retirement account that pays 4% annual interest, compounded monthly. Find the value of his investment after 20 years.

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Aliwohaish12
Aliwohaish12 Aliwohaish12
  • 13-03-2017
A=1,500×(1+0.04÷12)^(12×20)
A=3,333.87
Answer Link
serinasantiago
serinasantiago serinasantiago
  • 13-03-2017
answer is A=3,333.87
Answer Link

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