Mathematics, 19.01.2020 08:31 dylanentwistle5197
suppose that you invest $400 in a bank account that has apr of 6% and it is compounded monthly (12 times a year)
if we use the formula f = p*(1 + r)t , what is the value for "r"?
so, if you invest $400 in this account, how much money will you have after 1 month?
and how much money will you have in your account after 1 year?
(round to the nearest cent)
Answers: 3
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