Register

2 pts Find the total future amount for $500 invested at 2.74% for 4 years compounded monthly.

2 pts Find the total future amount for $500 invested at 2.74% for 4 years compounded monthly.
asked 9.8k views
4 votes
2 pts

Find the total future amount for $500 invested at 2.74% for 4 years compounded
monthly.

asked
User Morteza Jalambadani
by
7.7k points

1 Answer

2 votes
Using the compound interest formula:

500 x (1.0274 to the power of 4 )
=£557.10

Calculator answer below:


2 pts Find the total future amount for $500 invested at 2.74% for 4 years compounded-example-1
answered
User Gileneusz
by
8.2k 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 =
How do you estimate of 4 5/8 X 1/3
Write words to match the expression. 24- ( 6+3)
Link Copied!