Since 2007, a particular fund returned 13.2% compounded monthly. How much would a $6000 investment in this fund have been worth after 3 years? (Round your answer to the nearest cent.)

EBK CONTEMPORARY FINANCIAL MANAGEMENT
14th Edition
ISBN:9781337514835
Author:MOYER
Publisher:MOYER
Chapter5: The Time Value Of Money
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Since 2007, a particular fund returned 13.2% compounded monthly. How much would a $6000 investment in this fund have been worth after 3 years? (Round your answer to the nearest cent.)

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