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OpenStudy (anonymous):
How much would $500 invested at 4% interest compounded monthly be worth after 5 years? Round your answer to the nearest cent. Do not include units in your answer.
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OpenStudy (anonymous):
hi
OpenStudy (anonymous):
don't believe this guy i'm here to help u
OpenStudy (anonymous):
500(1+.04)^5 your welcome
OpenStudy (anonymous):
I believe you:re looking for compound so https://qrc.depaul.edu/StudyGuide2009/Notes/Savings%20Accounts/Compound%20Interest.htm There's a link explaining it to apply to other problems
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