What is the future value of $4000 earning 18% interest, compounded monthly, for 6 years? (Round your answer to two decimal places.)

Respuesta :

Answer:

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Step-by-step explanation:

Step-by-step explanation:

p=4000

r=18

t=6

s.i=prt/100

s.i=400×18×6/100

s.i=4×18×6

s.i=432$

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s.i+p=amount=432+4000=amount

amount=4432$

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round off 2 places=44_3_2

=4430$