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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
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OpenStudy (anonymous):
Get the monthly interest rate from 9/12 = 0.75% calculate the number of months, n final Amount = Principal x (1+.0075)^n
OpenStudy (anonymous):
thank you
OpenStudy (anonymous):
i got it!!!!
OpenStudy (anonymous):
yea!
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