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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):
\(\LARGE\color{black}{ \bf A=240(1+\frac{0.09}{12})^{(12 \times 14)} }\)
OpenStudy (anonymous):
https://qrc.depaul.edu/StudyGuide2009/Notes/Savings%20Accounts/Compound%20Interest.htm
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