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12 November, 14:11

How much was $500 invested at 6% interest compounded monthly be worth after four years

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Answers (2)
  1. 12 November, 15:51
    0
    Total = 500 * (1 +.06/12) ^ 12 * 4

    Total = 500 * (1.005) ^ 48

    Total = 500 * 1.2704891611

    Total = 635.24
  2. 12 November, 16:01
    0
    632.5 I think is how much
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