SOLUTION: if 5000 is invested for t years at 6% interest, compounded monthly determine what the future value will be in 6 years

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Question 925633: if 5000 is invested for t years at 6% interest, compounded monthly determine what the future value will be in 6 years
Answer by rfer(16322) About Me  (Show Source):
You can put this solution on YOUR website!
FV=5000(1+0.06/12)^(6*12)