SOLUTION: A fund returned 13.8% interest compounded monthly. How much would an investment of $4000 be worth after 4 years?

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Question 1136443: A fund returned 13.8% interest compounded monthly. How much would an investment of $4000 be worth after 4 years?
Answer by ikleyn(52775) About Me  (Show Source):
You can put this solution on YOUR website!
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Future value = 4000%2A%281%2B0.138%2F12%29%5E%2812%2A4%29 = 6925.04 dollars.