Register

If $75 is invested at an interest rate of 8% per year and is compounded monthly, how much will the investment be worth in 15 years? O $237.91 $248.02 $642.45 $832.21

If $75 is invested at an interest rate of 8% per year and is compounded monthly, how much will the investment be worth in 15 years? O $237.91 $248.02 $642.45 $832.21
232k views
25 votes
If $75 is invested at an interest rate of 8% per year and is compounded monthly, how much

will the investment be worth in 15 years?
O $237.91
$248.02
$642.45
$832.21

User Mika Tuupola
by
9.1k points

1 Answer

7 votes
The amount of money is $248.03
User Camusensei
by
9.1k points
← Prev Question Next Question →

Related questions

Ask a Question
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

9.4m questions

12.2m answers

Other Questions

How do you can you solve this problem 37 + y = 87; y =
A dealer sells a certain type of chair and a table for $40. He also sells the same sort of table and a desk for $83 or a chair and a desk for $77. Find the price of a chair, table, and of a desk.
The cost of 5 similar digital cameras and 3 similar video cameras is 3213. Each video camera costs 4 times as much as each digital camera. John buys a digital camera and a video camera. How much does he
9/10 divided by (1/10 plus 2/5)
Please solve the following equation. x-6x=56
Link Copied!