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OpenStudy (anonymous):
If you invest $1000 at 6% compounded monthly,how much money will you have in 5 years
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OpenStudy (anonymous):
Use this formula and plug your numbers \[A = P (1 + \frac{r}{60})^{60} \] P= 1000 r = .06 t = 60 I already plugged your t(time) in
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