SOLUTION: Find the amount if $300 is invested at 17% compounded monthly for 14 months. Amount=

Algebra ->  Customizable Word Problem Solvers  -> Finance -> SOLUTION: Find the amount if $300 is invested at 17% compounded monthly for 14 months. Amount=      Log On

Ad: Over 600 Algebra Word Problems at edhelper.com


   



Question 1034893: Find the amount if $300 is invested at 17% compounded monthly for 14 months.
Amount=

Answer by robertb(5830) About Me  (Show Source):
You can put this solution on YOUR website!
A+=+P%281%2Br%2Fn%29%5E%28nt%29+=+300%281%2B0.17%2F12%29%5E%2812%2A%2814%2F12%29%29+=+365.30.
Therefore the amount is $365.30.