document.write( "Question 149274: Find the value of $950 invested at 4.5% with interest compounded monthly for 5 years \n" ); document.write( "
Algebra.Com's Answer #109524 by checkley77(12844)\"\" \"About 
You can put this solution on YOUR website!
P(1+.045/12)^5*12
\n" ); document.write( "950(1.0037)^60
\n" ); document.write( "950*1.248=$1,185.66 AMOUNT OF THE INVESTNMENT AFTER 5 YEARS.
\n" ); document.write( "
\n" );