ariananicole2569 ariananicole2569

04-01-2022
Mathematics

contestada

A $5,000 investment earns interest at the annual rate of 8.4% compounded monthly.
What is the investment worth after one year?

Respuesta :

harvi82 harvi82

04-01-2022

Step-by-step explanation:

8.4%/100% x 5000 = interest

(5000 x 12) + (interest x 12)

= investment worth

Answer Link

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