SOLUTION: Find the amount (future value) to which the following deposit will grow $1100 at 9% compounded annually for 15 years

SOLUTION: Find the amount (future value) to which the following deposit will grow $1100 at 9% compounded annually for 15 years

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Question 1080206: Find the amount (future value) to which the following deposit will grow
$1100 at 9% compounded annually for 15 years
Answer by LinnW(1048) (Show Source): You can put this solution on YOUR website!
($1100)(1+0.09)^15 = 1100*1.09^15 = approximately
1100*3.64248 = $4006.728
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