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Find the accumulated value of an investment of $5000 at 5% compounded monthly for 8 years

Find the accumulated value of an investment of $5000 at 5% compounded monthly for 8 years
asked 63.2k views
1 vote
Find the accumulated value of an investment of $5000 at 5% compounded monthly for 8 years

asked
User Duncan Babbage
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8.3k points

1 Answer

2 votes
5000×5×8÷100=2000. I hope that is the correct answer
answered
User Michael Angstadt
by
7.9k points
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