bean2768 bean2768

13-06-2017
Mathematics

contestada

How much would $500 invested at 5% interest compounded monthly be worth after 4 years? Round your answer to the nearest cent.

a(t)=p(1+r/n)nt
A.$508.39
B.$610.45
C.$907.68
D.$607.75

Respuesta :

robert7248 robert7248

06-05-2019

Answer:

500*(1+0.05/12)^(4*12) = 610.45

Hope this helps!

Answer Link

aryannafarley aryannafarley

09-02-2022

Answer:$610.45

Step-by-step explanation:

Answer Link

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