SOLUTION: Find the future value of $233 deposited at the end of the month 4 years at 12% compounded monthly

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Question 479267: Find the future value of $233 deposited at the end of the month 4 years at 12% compounded monthly
Answer by Alan3354(69443) About Me  (Show Source):
You can put this solution on YOUR website!
12% per year = 1% per month
4 years = 48 months
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FV = 233*(1 + 0.01)^48
FV =~ $375.65