ineDesterschlor ineDesterschlor

23-02-2017
Mathematics

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What's the future value of $1,200 after 5 years if the appropriate interest rate is 6%, compounded monthly?

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Aliwohaish12 Aliwohaish12

25-02-2017

Fv=1200(1+0.06/12)^12*5
Fv==1,618.62

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