Asked by Tee
To determine the compound amount of an investment of $10,000 with an interest rate of 6% compounded monthly after 4 years requires you to use a table factor that goes beyond the Compound Interest Table. Calculate the new table factor for this investment.
Answers
Answered by
Anonymous
Calculate the compound amount. Use the compound amount formula and a calculator. (Round your answer to two decimal places.)
P = $8100, r = 3% compounded monthly, t = 10 years
P = $8100, r = 3% compounded monthly, t = 10 years
There are no AI answers yet. The ability to request AI answers is coming soon!
Submit Your Answer
We prioritize human answers over AI answers.
If you are human, and you can answer this question, please submit your answer.