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14 October, 13:46

Timothy invested $1,500 in a company retirement account that pays 4% annual interest, compounded monthly. Find the value of his investment after 20 years.

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  1. 14 October, 14:06
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    Answer is A=3,333.87
  2. 14 October, 14:11
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    A=1,500 * (1+0.04:12) ^ (12*20)

    A=3,333.87
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