SOLUTION: A family invests $5000 in an account paying 6% compounded monthly. how much is in the account after 4 months ?

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Question 826111: A family invests $5000 in an account paying 6% compounded monthly. how much is in the account after 4 months ?
Answer by rfer(16322) About Me  (Show Source):
You can put this solution on YOUR website!
A=5000(1+0.06/3)
A=5000(1.02)
A=$5100