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2 pts Find the total future amount for $500 invested at 2.74% for 4 years compounded monthly.
asked
Oct 23, 2022
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Find the total future amount for $500 invested at 2.74% for 4 years compounded
monthly.
Mathematics
college
Morteza Jalambadani
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Morteza Jalambadani
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Using the compound interest formula:
500 x (1.0274 to the power of 4 )
=£557.10
Calculator answer below:
Gileneusz
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Oct 29, 2022
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Gileneusz
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