SOLUTION: If $7800 is invested at 5.2% interest compounded monthly, how much will the investment be worth in 11 years?
Algebra.Com
Question 673716: If $7800 is invested at 5.2% interest compounded monthly, how much will the investment be worth in 11 years?
Answer by rfer(16322) (Show Source): You can put this solution on YOUR website!
A=78000(1+0.052/12)^12*11
A=7800(1.00433)^132
A=7800*1.768844
A=$13796.98
RELATED QUESTIONS
If $4,000 is invested at 5% interest, compounded annually, how much will the investment... (answered by lynnlo)
If $240 is invested at an interest rate of 9% a year and is compounded monthly, how much... (answered by Fombitz,amalm06)
$2000 is invested at 10% interest compounded annually. How much will the investment be... (answered by lynnlo)
A principal of $3,000 is invested at 5.75% interest compounded annually how much will the (answered by rapture1965)
A principal of is invested at interest, compounded annually. How much will the... (answered by saifoo.khan)
$1000 is invested at 5% compounded monthly. to how much money will that grow in 10... (answered by rfer)
A principal of $1800 is invested at 4.75% interest, compounded annually. How much will... (answered by rfer)
A principal of $4800 is invested at 4.5% interest, compounded annually. How much will the (answered by ikleyn)
please help me solve this equation
$1000 is invested at 4% for 3 years. How much will... (answered by jim_thompson5910)