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A=40000, r=8% compounded monthly t=4 years

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A=40000, r=8% compounded monthly t=4 years

asked Nov 9, 2018 47.7k views

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A=40000, r=8% compounded monthly t=4 years

Mathematics
college

Vadym Vasyliev asked

by Vadym Vasyliev

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1 Answer

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$40000\left(1+(0.08)/(12)\right)^(12*4)\approx55026.60$

BlackFox answered Nov 16, 2018

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