Ask Question
30 August, 05:56

You deposit 500$ in an account that earns 8 percent annual interest compounded monthly. What is it's value after 20 years?

+2
Answers (1)
  1. 30 August, 09:09
    0
    Bro you need to make 500 times 1.08 times 20

    500 is the first sum

    multiplier is 8 which is 1.08 (8 + 100)

    and 20 is the last number

    Trust me bro and keeping going
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “You deposit 500$ in an account that earns 8 percent annual interest compounded monthly. What is it's value after 20 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