What principle will amount to $6000 if invested at 5.5% compounded monthly for 10 years?

Shea Daniels asked Dec 26, 2022

316,066 views

4 votes

Shea Daniels asked Dec 26, 2022

2.7k points

Your comment on this question:

Email me at this address if a comment is added after mine:Email me if a comment is added after mine

Privacy: Your email address will only be used for sending these notifications.

Email me at this address if my answer is selected or commented on:Email me if my answer is selected or commented on

Privacy: Your email address will only be used for sending these notifications.

28 votes

Answer:In 10 years, you will have $10,386.46

Explanation:

Hnin answered Jan 2, 2023

by Hnin

3.0k points

Email me at this address if a comment is added after mine:Email me if a comment is added after mine

Privacy: Your email address will only be used for sending these notifications.

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

1.6m questions

2.0m answers