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12 September, 06:04

Hellen invested 20,000 that earns 4.68% compounded monthly for four years00 earn 4.68% compounded monthly for 4 years future value

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  1. 12 September, 06:14
    0
    24,108.59

    Step-by-step explanation:

    The future value formula seems applicable.

    FV = P (1 + r/n) ^ (nt)

    FV = 20,000 (1 + 0.0468/12) ^ (12·4) = 20,000 (1.0039^48)

    FV ≈ 24,108.59
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