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11 November, 11:18

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

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  1. 11 November, 13:36
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    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
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