SOLUTION: A businessman invested $20,000 in an account that earns 9% interest compounded monthly. Find the furture value in three years.
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Question 171226: A businessman invested $20,000 in an account that earns 9% interest compounded monthly. Find the furture value in three years.
Answer by jojo14344(1513) (Show Source): You can put this solution on YOUR website!
Working Eqn ---------->
where ---->
Subst.:
, Answer
Thank you,
Jojo
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