document.write( "Question 479267: Find the future value of $233 deposited at the end of the month 4 years at 12% compounded monthly \n" ); document.write( "
Algebra.Com's Answer #328371 by Alan3354(69443)![]() ![]() You can put this solution on YOUR website! 12% per year = 1% per month \n" ); document.write( "4 years = 48 months \n" ); document.write( "--------------- \n" ); document.write( "FV = 233*(1 + 0.01)^48 \n" ); document.write( "FV =~ $375.65 \n" ); document.write( " \n" ); document.write( " |