Register
If you invest $25.00 at 6% interest compounded monthly, how much will you have after 1 year?
143k views
3 votes
If you invest $25.00 at 6% interest compounded monthly,
how much will you have after 1 year?

User Nakajima
by
5.3k points

1 Answer

2 votes
A=25(1+0.06/12)^(12)(1), A=25•1.005^12, A=26.54
User Macmist
by
4.6k points
Ask a Question
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

5.3m questions

6.9m answers

Other Questions

Pizza planet is running a special 3 pizzas for 16.50. What is the unit rate for one pizza
If the 9-inch wheel of cheese costs $18.60, what is the cost per square inch? If the cost is less than a dollar, put a zero to the left of the decimal point?
how long Will it take for $7000 investment to grow to $7553 and the annual rate of 3.4% compounded quarterly assume that no withdrawals are made
I need to simplify this expression.
Need answer to math problem!!!​
Link Copied!