How much is an investment of $250 worth after 8 years if it earns annual interest of

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How much is an investment of $250 worth after 8 years if it earns annual interest of 4.8% compounded monthly? [4.8% annual interest compounded monthly means that 0.4% (4.8% 12) interest is added each month.]

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Basic Technical Mathematics

ISBN: 9780137529896

12th Edition

Authors: Allyn J. Washington, Richard Evans

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Question Posted: Apr 04, 2023 03:17 AM

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How much is an investment of $250 worth after 8 years if it earns annual interest of

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Basic Technical Mathematics

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