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2 pts Find the total future amount for $500 invested at 2.74% for 4 years compounded monthly.
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4 votes
2 pts

Find the total future amount for $500 invested at 2.74% for 4 years compounded
monthly.

User Morteza Jalambadani
by
3.4k points

1 Answer

2 votes
Using the compound interest formula:

500 x (1.0274 to the power of 4 )
=£557.10

Calculator answer below:


2 pts Find the total future amount for $500 invested at 2.74% for 4 years compounded-example-1
User Gileneusz
by
4.4k points
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