SOLUTION: 2% annual interest rate compounded monthly, invest 5000 and after tenyears how much money do i have

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Question 669260: 2% annual interest rate compounded monthly, invest 5000 and after tenyears how much money do i have
Answer by rfer(16322) About Me  (Show Source):
You can put this solution on YOUR website!
A=5000(1+0.02/12)^12*10
A=5000(1.001667)^120
A=5000(1.221248)
A=$6106.24