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How much would $100 invested at 6% interest compounded monthly be worth after 20 years? Round your answer to the nearest cent. A (t) = P(1+r/n)^nt
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1 vote
How much would $100 invested at 6% interest compounded monthly be

worth after 20 years? Round your answer to the nearest cent.
A (t) = P(1+r/n)^nt

How much would $100 invested at 6% interest compounded monthly be worth after 20 years-example-1
User MartyMacGyver
by
7.1k points

2 Answers

4 votes

Answer:

D. $220.00

Explanation :

Pt(1+r/n) n

User Genevive
by
8.3k points
7 votes

Answer:

D

Explanation:


100(1 + (016)/(12)) ^(12(20))

331.02

User Green Su
by
8.1k points
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