katelynniwell katelynniwell

13-03-2017
Mathematics

contestada

Timothy invested $1,500 in a company retirement account that pays 4% annual interest, compounded monthly. Find the value of his investment after 20 years.

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Aliwohaish12 Aliwohaish12

13-03-2017

A=1,500×(1+0.04÷12)^(12×20)
A=3,333.87

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serinasantiago serinasantiago

13-03-2017

answer is A=3,333.87

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