If $5,000 is invested at 3.2% interest compounded monthly, how much would you have after 40 months? (Posted it before but it got deleted because someone put a link in the answers)

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asked Jun 19, 2023 39.5k views

19 votes

If $5,000 is invested at 3.2% interest compounded monthly, how much would you have after 40 months?

(Posted it before but it got deleted because someone put a link in the answers)

Mathematics
college

Bguiz asked

by Bguiz

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1 Answer

7 votes

Answer:

Use the given functions to set up and simplify 3.2 % . 5 = 0 = 3.2 % = 0.032 40 mo = 0.032

Explanation:

Neoeahit answered Jun 25, 2023

by Neoeahit

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