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If $240 is invested at an interest rate of 9% per year and is compounded monthly, how much will the investment be worth in 14 years?
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If $240 is invested at an interest rate of 9% per year and is compounded monthly, how much will the investment be worth in 14 years?

User Bruce Chapman
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i keep getting 64 dollars i hope it helps
User Mehdi Namvar
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If $240 is invested at an interest rate of 9% per year and is compounded monthly, the investment in 14 years will be 36, 288. Thank you for posting your question. I hope this answer helped you. Let me know if you need more help.
User Dominik Seibold
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