SOLUTION: what is the amount after the investment of $300 invested at 12% compounded monthly after a period of 1 1/2 years?

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Question 1050070: what is the amount after the investment of $300 invested at 12% compounded monthly after a period of 1 1/2 years?
Answer by ewatrrr(24785) About Me  (Show Source):
You can put this solution on YOUR website!
In General A%28t%29+=+P%281%2Br%2Fn%29%5E%28nt%29
A = Accumulated Amount
P= principal = $300
r= annual rate = .12
n= periods per year = 12
t= years =1.5
A%28t%29+=+300%281%2B.12%2F12%29%5E%2812%2A1.5%29
A%28t%29+=+300%281.01%29%5E%2818%29 Use Your Caculator