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ineDesterschlor ineDesterschlor
  • 23-02-2017
  • Mathematics
Answered

What's the future value of $1,200 after 5 years if the appropriate interest rate is 6%, compounded monthly?

Verified Answer :

Aliwohaish12
Aliwohaish12 Aliwohaish12
  • 25-02-2017

Fv=1200(1+0.06/12)^12*5
Fv==1,618.62

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