Charles T.

asked • 01/30/17

Compound Interest

Find the compound interest on $1000 at (i) 6% compounded monthly for 5 years and (ii) 15% compounded monthly for 30 years.

Kenneth S.

Charles, problems of this kind assume that you have been taught, or at least have access to, appropriate formulas--then it's just a matter of substituting numbers (correctly) and doing the computations.
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01/30/17

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