colerogers234 colerogers234

06-06-2017
Mathematics

contestada

If $400 is invested at the rate of 6% for one year, what will be the total value of the investment (the amount)?

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OliDoesStuff OliDoesStuff

06-06-2017

Hmm... Let's see..

Alrighty: $400= 100% (the whole amount of money). 1% of that money= 400/100. If $400 invests once in one year, that is... 424 dollars.

Anyone out there who is looking for monthly payment, you invest 400 dollars with interest, the answer is 4934.22

Hope that helps ya!

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