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

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

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User Yoichi
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7.6k points

1 Answer

3 votes

Answer:

500*(1+0.05/12)^(4*12) = 610.45

answered
User Ingdc
by
7.8k points
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