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How much would $500 invested at 5% interest compounded monthly be worth after 6 years? Round your answer to the nearest cent. Do not include units in your answer.

How much would $500 invested at 5% interest compounded monthly be worth after 6 years? Round your answer to the nearest cent. Do not include units in your answer.
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How much would $500 invested at 5% interest compounded monthly be worth after 6 years? Round your answer to the nearest cent. Do not include units in your answer.

asked
User Maxim Kukhtenkov
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8.0k points

2 Answers

6 votes

the answer is 674.51 - Apex

answered
User Labue
by
8.4k points
4 votes
i got 83.3333333333333~Hope this helped ya'
answered
User Petras Purlys
by
8.6k points
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