Asked by mary


. 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.

Now, using the new table factor from the previous question, calculate the compound amount for the $10,000 investment.

Answered by Ricky
Now, using the new table factor from the previous question, calculate the compound amount for the $10,000 investment.
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