Question 1185269: Samantha invested $2000 at 11% to be compounded monthly. What will be the value of Samantha's investment in 3 years? Answer by ikleyn(52812) (Show Source):
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Samantha invested $2000 at 11% to be compounded monthly. What will be the value of Samantha's investment in 3 years?
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It is Future Value = = use your calculator = 2777.76 dollars. ANSWER
Solved.
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To see many other similar (and different) solved problems on compounded interest accounts, look into the lesson
- Compounded interest percentage problems
in this site.
