Asked by Lisa

An initial investment of $1000 is appreciated for 8 years in an account that earns 9% interest, compounded annually. Find the amount of money in the account at the end of the period
Answered by Mgraph
The accumulation value at the end of nth
period A=P(1+i)^n

A=1000*1.09^8=1,992.56
Answered by Rodney
992.56
Answered by FiNnY
PiEe
There are no AI answers yet. The ability to request AI answers is coming soon!