SOLUTION: If you placed $1 into an account that paid interest at a rate of 9% and compounded the interest monthly, how much would that account be worth in 200 years? and 300 years?

Question 1098217: If you placed $1 into an account that paid interest at a rate of 9% and compounded the interest monthly, how much would that account be worth in 200 years? and 300 years?
Found 2 solutions by yazimyne, MathTherapy:
Answer by yazimyne(8) (Show Source): You can put this solution on YOUR website!
200 years.........$8,308,762,083.66
300years.....................$65,103,165,571,772.13
Answer by MathTherapy(10552) (Show Source): You can put this solution on YOUR website!
If you placed $1 into an account that paid interest at a rate of 9% and compounded the interest monthly, how much would that account be worth in 200 years? and 300 years?

300 years: Over $480 Billion.
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