SOLUTION: 5000 invested for 9 years at 10% compounded annually will accumulate to

SOLUTION: 5000 invested for 9 years at 10% compounded annually will accumulate to

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Question 762440: 5000 invested for 9 years at 10% compounded annually will accumulate to
Answer by Cromlix(4381) (Show Source): You can put this solution on YOUR website!
100% + 10% = 110% = 1.1
5000 * 1.1^9 = 11789.74.
Hope this helps.
:-)
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