Register

How much would $500 invested at 5% interest compounded monthly be worth after 6 years? Round your answer to the nearest cent. Do not include units in your answer.

How much would $500 invested at 5% interest compounded monthly be worth after 6 years? Round your answer to the nearest cent. Do not include units in your answer.
82.4k views
2 votes
How much would $500 invested at 5% interest compounded monthly be worth after 6 years? Round your answer to the nearest cent. Do not include units in your answer.

User Maxim Kukhtenkov
by
8.0k points

2 Answers

6 votes

the answer is 674.51 - Apex

User Labue
by
8.4k points
4 votes
i got 83.3333333333333~Hope this helped ya'
User Petras Purlys
by
8.6k points
← Prev Question Next Question →

No related questions found

Ask a Question
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

9.4m questions

12.2m answers

Categories

Other Questions

What is .725 as a fraction
How do you estimate of 4 5/8 X 1/3
A bathtub is being filled with water. After 3 minutes 4/5 of the tub is full. Assuming the rate is constant, how much longer will it take to fill the tub?
Link Copied!