Ask Question
29 July, 20:21

What's the future value of $1,200 after 5 years if the appropriate interest rate is 6%, compounded monthly?

+2
Answers (1)
  1. 29 July, 20:24
    0
    Fv=1200 (1+0.06/12) ^12*5

    Fv==1,618.62
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “What's the future value of $1,200 after 5 years if the appropriate interest rate is 6%, compounded monthly? ...” in 📗 Mathematics if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers