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OpenStudy (veeveeniko):
What is the future value to the nearest dollar if you invest $25,000 today and earn 9% compounded monthly for 20 years?
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OpenStudy (misty1212):
HI!!
OpenStudy (veeveeniko):
hello
OpenStudy (misty1212):
try \[25,000\times \left(1+\frac{.09}{12}\right)^{240}\] with a calculator
OpenStudy (veeveeniko):
Alright
OpenStudy (misty1212):
or just use this http://www.wolframalpha.com/input/?i=25000%281%2B.09%2F12%29%5E%28240%29
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OpenStudy (veeveeniko):
I got 161,883.92
OpenStudy (veeveeniko):
wait i did it wrong
OpenStudy (veeveeniko):
I got 150,228.79
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