Ask your own question, for FREE!
Mathematics 14 Online
OpenStudy (anonymous):

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?

OpenStudy (anonymous):

use P(1+r/n)^(nt) P=240 n=12 t=14 r=.09

Can't find your answer? Make a FREE account and ask your own questions, OR help others and earn volunteer hours!

Join our real-time social learning platform and learn together with your friends!
Can't find your answer? Make a FREE account and ask your own questions, OR help others and earn volunteer hours!

Join our real-time social learning platform and learn together with your friends!