If $20,000 is invested at 4% compounded monthly, what is the amount after (A) 5 years? (B)

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If $20,000 is invested at 4% compounded monthly, what is the amount after
(A) 5 years?
(B) 8 years?

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College Mathematics for Business Economics Life Sciences and Social Sciences

ISBN: 978-0321614001

12th edition

Authors: Raymond A. Barnett, Michael R. Ziegler, Karl E. Byleen

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Question Posted: Apr 14, 2016 07:31 AM

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If $20,000 is invested at 4% compounded monthly, what is the amount after (A) 5 years? (B)

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College Mathematics for Business Economics Life Sciences and Social Sciences

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