80.8k views
4 votes
If $8500 is invested at 3.4% interest, compounded monthly, how much will the

investment be worth in 23 years?
O A. $18,339.66
O B. $9,071.53
O C. $19,142.10
O D. $18,559.10

If $8500 is invested at 3.4% interest, compounded monthly, how much will the investment-example-1
User Pushbit
by
3.9k points

1 Answer

0 votes

Answer:

In 23 years, you will have $18,559.10

Explanation:

If $8500 is invested at 3.4% interest, compounded monthly, how much will the investment-example-1
User Daniel Hildesson
by
3.5k points