ariananicole2569
Answered

At Westonci.ca, we connect you with the answers you need, thanks to our active and informed community. Get detailed and precise answers to your questions from a dedicated community of experts on our Q&A platform. Get precise and detailed answers to your questions from a knowledgeable community of experts on our Q&A platform.

A $5,000 investment earns interest at the annual rate of 8.4% compounded monthly.
What is the investment worth after one year?

Sagot :

harvi82

Step-by-step explanation:

8.4%/100% x 5000 = interest

(5000 x 12) + (interest x 12)

= investment worth

We appreciate your visit. Our platform is always here to offer accurate and reliable answers. Return anytime. We appreciate your time. Please come back anytime for the latest information and answers to your questions. Thank you for visiting Westonci.ca. Stay informed by coming back for more detailed answers.