SOLUTION: Suppose $500 is invested monthly at 4% compounded monthly, for 10 years, then $600 is invested monthly at 6% compounded monthly, for 10 years. 2 separate question.... What is

Question 425450: Suppose $500 is invested monthly at 4% compounded monthly, for
10 years, then $600 is invested monthly at 6% compounded monthly, for
10 years.
2 separate question.... What is the value after 10 years
Answer by Gogonati(855) (Show Source): You can put this solution on YOUR website!
Solution: Since this is an interest rate problem ,we know that the value of the investment after 10 years will be:
=$ 745.42
In the same way solved and the second problem.
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