Register

How much would $500 invested at 5% interest compounded monthly be worth after 4 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 4 years? Round your answer to the nearest cent. Do not include units in your answer.
asked 161k views
3 votes
How much would $500 invested at 5% interest compounded monthly be worth after 4 years? Round your answer to the nearest cent. Do not include units in your answer.

asked
User Bineteri
by
8.6k points

1 Answer

3 votes

Answer:

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

answered
User TonyOssa
by
7.8k points
← Prev Question Next Question →

No related questions found

Ask a Question
Welcome to Qamnty — a place to ask, share, and grow together. Join our community and get real answers from real people.

Categories

Other Questions

How do you can you solve this problem 37 + y = 87; y =
What is .725 as a fraction
How do you estimate of 4 5/8 X 1/3
Link Copied!