Ask Question
28 May, 02:54

If $11,100 is invested at 3.1% interest compounded monthly, how much will the investment be worth in 19 years?

+3
Answers (1)
  1. 28 May, 06:27
    0
    A=p (1+i/m) ^mn

    A=11,100 * (1+0.031:12) ^ (12*19)

    A=19,989.07
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “If $11,100 is invested at 3.1% interest compounded monthly, how much will the investment be worth in 19 years? ...” in 📙 Mathematics if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers