How much is an investment of $250 worth after 8 years if it earns annual interest of
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How much is an investment of $250 worth after 8 years if it earns annual interest of 4.8% compounded monthly? [4.8% annual interest compounded monthly means that 0.4% (4.8% 12) interest is added each month.]
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Related Book For
Basic Technical Mathematics
ISBN: 9780137529896
12th Edition
Authors: Allyn J. Washington, Richard Evans
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