If maggie invests $16,250 at a rate of 4.9%, compounded monthly, find the value of the investment after 7 years. include your calculations in your final answer.

We can solve the problem using the formula for compound interest equation:
A = P + (1 + r/n) ^nt
Where the given values are below:
P = $16, 250
r = 0.049
n = 12 months 
t = 7 mohths 
P = $16,250*(1 + 0.049/12)^ (12*7)
P = $22,883

500 dollars and its probably more than that