Solution-If you put 10000 in an investment that returns 14

If you put $10,000 in an investment that returns 14 percent compounded monthly what would you have after 12 years (round to nearest $10)?

a. $11,490

b. $53,140

c. $48,180

d. $61,270

Please be very explanatory and show all of your work so I can do future questions.

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