document.write( "Question 856199: If $240 is invested at an interest rate of 9% a year and is compounded monthly, how much will the investment be worth in 14 years? \n" ); document.write( "

Algebra.Com's Answer #515830 by Fombitz(32388) $\"\"$ $\"About$

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$\"r=%281%2F12%29%289%2F100%29=3%2F400\"$
\n" ); document.write( " $\"N=14%2A12=168\"$
\n" ); document.write( " $\"F=240%281%2B3%2F400%29%5E168\"$
\n" ); document.write( " $\"F=240%2A3.509\"$
\n" ); document.write( " $\"F=842.13\"$
\n" ); document.write( " \n" ); document.write( "

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