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A=p(1+ r/n)nt After 4 years what is the total amount of a compound interest investment of $20,000 at 2% interest , compounded monthly ? $25,409.78 $21,648.64 $23,514.81 $21 ,664.…

A=p(1+ r/n)nt After 4 years what is the total amount of a compound interest investment of $20,000 at 2% interest , compounded monthly ? $25,409.78 $21,648.64 $23,514.81 $21 ,664.…
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A=p(1+ r/n)nt

After 4 years what is the total amount of a compound interest investment of $20,000 at 2% interest , compounded monthly ?


$25,409.78

$21,648.64

$23,514.81

$21 ,664.30

User Luke Dupin
by
8.3k points

1 Answer

2 votes
$21 ,664.30
Hope this helps!
User Jalon
by
8.1k points
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