Math Question
![Question 13 of 25
How much would \( \$ 100 \) invested at \( 6 \% \) interest compounded monthly be worth after 20 years? Round your answer to the nearest cent.
\[
A(t)=P\left(1+\frac{r}{n}\right)^{n t}
\]
A. \( \$ 320.71 \)
B. \( \$ 110.49 \)
C. \( \$ 331.02 \)
D. \( \$ 220.00 \)](https://d3hlidq5bf9vg0.cloudfront.net/app-server-student/2022/3/11/1220b93c-b2bc-4cd4-89a1-fe2c25abfd9f.png "Question 13 of 25
How much would \( \$ 100 \) invested at \( 6 \% \) interest compounded monthly be worth after 20 years? Round your answer to the nearest cent.
\[
A(t)=P\left(1+\frac{r}{n}\right)^{n t}
\]
A. \( \$ 320.71 \)
B. \( \$ 110.49 \)
C. \( \$ 331.02 \)
D. \( \$ 220.00 \)")
Solution
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