document.write( "Question 942212: Determine the amount of an investment if $5000 is invested at an interest rate of 4.5% compounded monthly for 10 years. Round your answer to the nearest whole dollar. \n" ); document.write( "
Algebra.Com's Answer #574360 by rfer(16322)![]() ![]() ![]() You can put this solution on YOUR website! FV=5000(1+.045/12)^(10*12) \n" ); document.write( "FV=5000(1.00375)^120 \n" ); document.write( "FV=5000(1.566993) \n" ); document.write( "FV=$7835 \n" ); document.write( " |