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Find the accumulated value of an investment of $5000 at 5% compounded monthly for 8 years

Find the accumulated value of an investment of $5000 at 5% compounded monthly for 8 years
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Find the accumulated value of an investment of $5000 at 5% compounded monthly for 8 years

User Duncan Babbage
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1 Answer

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5000×5×8÷100=2000. I hope that is the correct answer
User Michael Angstadt
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