. If $240 is invested at an interest rate of 9% per year and is compounded monthly, how much will the investment be worth in 14
years?
1 answer:
A(14)=240(1+0.09)^14-1
A(14)=240(1.09)^13
A(14)=240(3.065)
A(14)=735.79
Make sure the calculations m
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