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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?
12 years ago

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Answered by Damon
1.09^5 = 1.5386

1.5386 * 9000 = $ 13,847.62
12 years ago
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$9000 invested at an APR of 9% for five years. In interest is compounded annually, what Ia the amount of money after 5 years?

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