If $240 is invested at an interest rate of 9% per year and is compounded monthly, how much will the investment be worth in 14 years?

$842.13.

Step-by-step explanation:

We have been given that $240 is invested at an interest rate of 9% per year and is compounded monthly. We are asked to find the value of investment after 14 years.

We will use compound interest formula to solve our given problem.

, where,

A = Final amount after T years,

P = Principal amount,

r = Annual interest rate in decimal form,

n = Number of times interest is compounded per year,

T = Time in years.

Therefore, the investment will be worth $842.13 in 14 years.

it is a. 4.2 because 7.6-3.4 gets the remaining length of 4.2. i might be wrong but i am pretty sure this is the answer.

i believe it's a.

i'm not sure on this one, most likely correct.