Question 149274: Find the value of $950 invested at 4.5% with interest compounded monthly for 5 years: Find the value of $950 invested at 4.5% with interest compounded monthly for 5 years Answer by checkley77(3394) (Show Source):
You can put this solution on YOUR website! P(1+.045/12)^5*12
950(1.0037)^60
950*1.248=$1,185.66 AMOUNT OF THE INVESTNMENT AFTER 5 YEARS.
