SOLUTION: What is the future value, to the nearest hundredth of a dollar, if $4600.00 is invested for 12 years at 9.6%/year compounded annually?

SOLUTION: What is the future value, to the nearest hundredth of a dollar, if $4600.00 is invested for 12 years at 9.6%/year compounded annually?

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Question 915663: What is the future value, to the nearest hundredth of a dollar, if $4600.00 is invested for 12 years at 9.6%/year compounded annually?
Answer by jim_thompson5910(35256) (Show Source): You can put this solution on YOUR website!

The future value is $13,819.25

Let me know if you need more help or if you need me to explain a step in more detail.
Feel free to email me at jim_thompson5910@hotmail.com
or you can visit my website here: http://www.freewebs.com/jimthompson5910/home.html

Thanks,

Jim
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