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11 August, 09:51

How much would $300 invested at 4% interest compounded monthly be

worth after 8 years? Round your answer to the nearest cent.

A10) = P (1+)

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Answers (1)
  1. 11 August, 12:28
    0
    To find the simple interest, we multiply 300 * 0.04 * 8 to get that:

    The interest is: $96.00
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