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15 August, 05:03

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

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  1. 15 August, 07:58
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    632.5 I think is how much
  2. 15 August, 08:45
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    Total = 500 * (1 +.06/12) ^ 12 * 4

    Total = 500 * (1.005) ^ 48

    Total = 500 * 1.2704891611

    Total = 635.24
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