If $600 is invested at 12% compounded (A) annually, (B) quarterly, (C) monthly,what is the amount after 4 years? How much interest is earned?
(A) If it is compounded annually, what is the amount?
(B) If it is compounded quarterly, what is the amount?
(C) If it is compounded monthly, what is the amount?

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24-06-2024
Business

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If $600 is invested at 12% compounded (A) annually, (B) quarterly, (C) monthly,what is the amount after 4 years? How much interest is earned?
(A) If it is compounded annually, what is the amount?
(B) If it is compounded quarterly, what is the amount?
(C) If it is compounded monthly, what is the amount?

Sagot :

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