Find the amount that results from each investment. $50 invested at 6% compounded monthly after a period of 3 years.

College Algebra (MindTap Course List)
12th Edition
ISBN:9781305652231
Author:R. David Gustafson, Jeff Hughes
Publisher:R. David Gustafson, Jeff Hughes
Chapter5: Exponential And Logarithmic Functions
Section5.1: Exponential Functions And Their Graphs
Problem 5SC
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Find the amount that results from each investment.

$50 invested at 6% compounded monthly after a period of 3 years.

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