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

User Justin Ardini
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2 Answers

24 votes
24 votes
It would be $6081 in total after 7 years
User Cartant
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7 votes
7 votes
$6081 would be the total.
User Hermit Dave
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