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14 July, 22:45

How much money will you have in 3 years if you invest $1000 at 3% compounded monthly?

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  1. 15 July, 01:30
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    A=p (1+i/m) ^mn

    A=1,000 * (1+0.03:12) ^ (12*3)

    A=1,094.05
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