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Asked by Brooke

Determine the balance of $10,000 is invested at an APR of 9% compounded monthly for seven years.
9 years ago

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Answered by Steve
just plug it into your formula:

10000(1 + .09/12)^(12*7)
9 years ago
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Determine the balance of $10,000 is invested at an APR of 9% compounded monthly for seven years.

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