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Mathematics, 13.12.2019 09:31 KayJahnae04

How much would $500 invested at 5% interest compounded monthly be worth after 4 years? round your answer to the nearest cent.

a(t)=p(1+r/n)nt
a.$508.39
b.$610.45
c.$907.68
d.$607.75

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Answers: 2

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