Question 1185269
.
 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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<pre>

    It is  Future Value = {{{2000*(1 + 0.11/12)^(3*12)}}} = use your calculator = 2777.76  dollars.    <U>ANSWER</U>
</pre>

Solved.


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To see many other similar &nbsp;(and different) &nbsp;solved problems on compounded interest accounts, &nbsp;look into the lesson

&nbsp;&nbsp;&nbsp;&nbsp;- <A HREF=https://www.algebra.com/algebra/homework/percentage/lessons/Compound-interest-percentage-problem.lesson>Compounded interest percentage problems</A> 

in this site.



Learn the subject from there.