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If $2000 is invested at 4% interest compounded monthly, the value of the investment after t years is given by the expression below. What is the value of the investment after 3.5…

If $2000 is invested at 4% interest compounded monthly, the value of the investment after t years is given by the expression below. What is the value of the investment after 3.5…
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14 votes
If $2000 is invested at 4% interest compounded monthly, the value of the investment after t

years is given by the expression below. What is the value of the investment after 3.5 years?
2000(4)

asked
User Merilstack
by
8.4k points

1 Answer

10 votes
The final balance is $2,300.01.
The total compound interest is $300.01
I’m very very sorry if I’m wrong I’m not that smart
answered
User Hassansin
by
8.4k points
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