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If $4,000 is invested at 6% compounded monthly, what is the amount after 7 years?

If $4,000 is invested at 6% compounded monthly, what is the amount after 7 years?
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4 votes
If $4,000 is invested at 6% compounded monthly, what is the amount after 7 years?

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User Sam Clewlow
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2 Answers

3 votes
It would be $6081 in total after 7 years
answered
User Sotn
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8.1k points
1 vote
$6081 would be the total.
answered
User Shikhar Bansal
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7.6k points
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