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Adam plans to invest $1500 today in a mutual fund. if he earns 12 percent interest compounded monthly, to what amount will his investment grow in 20 years? use a financial calcu…

Adam plans to invest $1500 today in a mutual fund. if he earns 12 percent interest compounded monthly, to what amount will his investment grow in 20 years? use a financial calcu…
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Adam plans to invest $1500 today in a mutual fund. if he earns 12 percent interest compounded monthly, to what amount will his investment grow in 20 years? use a financial calculator to make the calculation.

User Biswapriyo
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Starting amount is $1,500, 12% interest that compounds monthly and it will grow over a period of 20 years. Using a calculator it comes out to a total of $16,339.07
User Brokenfoot
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