tatayury123 tatayury123

03-04-2017
Mathematics

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how much money will you have in 3 years if you invest $1000 at 3% compounded monthly?

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Aliwohaish12 Aliwohaish12

03-04-2017

A=p(1+i/m)^mn
A=1,000×(1+0.03÷12)^(12×3)
A=1,094.05

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