Asked by Dave
$9000 invested at an APR of 9% for five years. In interest is compounded annually, what Ia the amount of money after 5 years?
Answers
Answered by
Damon
1.09^5 = 1.5386
1.5386 * 9000 = $ 13,847.62
1.5386 * 9000 = $ 13,847.62
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