If John invests the $1,000 he receives today at an interest rate of 4.8% compounded monthly, in one year the investment will be

Question

2 years ago

5

If John invests the $1,000 he receives today at an interest rate of 4.8% compounded monthly, in one year the investment will be

worth how much?
When John receives $1,000 a year from now, the $1,000 he invested today will be worth how much more than the $1,000 he receives in the future?

Mathematics

1 answer:

seropon [69] · Answer 1 · 2022-03-28T14:57:15+03:00

seropon [69]2 years ago

5 0

First you have to do 12x1200 then the answer is 9999