. If $240 is invested at an interest rate of 9% per year and is compounded monthly, how much will the investment be worth in 14 years?

asked Mar 5, 2021 100.0k views

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A(14)=240(1+0.09)^14-1

A(14)=240(1.09)^13

A(14)=240(3.065)

A(14)=735.79

Make sure the calculations m

Erik Noren answered Mar 10, 2021

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