SOLUTION: A family invests $6000 in an account paying 9% compounded monthly. how much is in the account after 10 months ?

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Question 827042: A family invests $6000 in an account paying 9% compounded monthly. how much is in the account after 10 months ?
Answer by rfer(16322) About Me  (Show Source):
You can put this solution on YOUR website!
FV=6000(1+0.09/12)^10
FV=6000(1.0075)^10
FV=6000*1.077582545
FV=$6465.50