Question

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

Answer 1

D. $220.00

Explanation :

Pt(1+r/n) n

Answer 2

D

Explanation:

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

331.02