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Solve these compound interest problems and round your answer to the nearest 100th. 1) Find the final amount for a $500 investment at 10% interest compounded monthly for 15 years…

Solve these compound interest problems and round your answer to the nearest 100th. 1) Find the final amount for a $500 investment at 10% interest compounded monthly for 15 years…
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Solve these compound interest problems and round your answer to the nearest 100th.

1) Find the final amount for a $500 investment at 10% interest compounded monthly for 15 years.

asked
User Thehennyy
by
9.2k points

2 Answers

3 votes

Answer:50

Explanation:

answered
User DotNetWala
by
8.9k points
6 votes

Answer:

2,226.96

Explanation:

answered
User Tsega
by
8.4k points
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