markbret03 markbret03

29-10-2018
Mathematics

contestada

how much would $200 invested at 4% interest compounded monthly be worth after 8 years

Respuesta :

wolf1728 wolf1728

01-11-2018

Answer:

Total = Principal * (1 + (rate/12))^12 * 8

Total = 200 * (1 + (.04/12)) ^ 96

Total = 200 * (1.0033333333)^96

Total = 200 * 1.3763951148

Total = 275.28

Step-by-step explanation:

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