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Determine the value of the account if the initial investment is $8000 compounded monthly at a rate of 6% after 10 years.

Determine the value of the account if the initial investment is $8000 compounded monthly at a rate of 6% after 10 years.
asked 38.7k views
2 votes
Determine the value of the account if the initial investment is $8000 compounded monthly at a rate of 6% after 10 years.

asked
User Habiat
by
7.4k points

1 Answer

3 votes

Answer:

84,800.

Explanation:

answered
User Hroest
by
8.6k points
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