If you make an investment of $3500 and the investment earns an annual interest rate of 4.4% compounded? monthly, how much will the investment be worth in 12 ?years?
Added by Steven W.
Step 1
We can do this by dividing the annual interest rate by 12 (the number of months in a year): 4.4% / 12 = 0.3667% Show more…
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