SOLUTION: What would %$5,00 invested for 9 years at 11 percent compounded annually will accumulate to, rounded to the nearest cent?

SOLUTION: What would %$5,00 invested for 9 years at 11 percent compounded annually will accumulate to, rounded to the nearest cent?

Algebra.Com

Question 838304: What would %$5,00 invested for 9 years at 11 percent compounded annually will accumulate to, rounded to the nearest cent?
Answer by rfer(16322) (Show Source): You can put this solution on YOUR website!
FV=5000(1.11)^9
FV=5000(2.558)
FV=$12,790.18
RELATED QUESTIONS
(future value) $5,100 invested for 10 years at $11 compounded annually will accumulate to (answered by rfer)

to what amount will $4,900 invested for 8 years at 11% compounded annually will... (answered by scott8148)

48,000 invested for 8 years at 11% compounded annually will accumulate to... (answered by rfer)

Need help with finance. Please please help. Thank you so much. To what amount will the (answered by rfer)

To what amount will the following investments accumulate? 1. $5,000 invested for 10... (answered by solver91311)

To what amount will $5,200 invested for 9 years at 9% compounded annually... (answered by lwsshak3)

Compound interest) To what amount will the following investments accumulate? a. $5,000... (answered by rfer)

To what amount will $5,000 invested for 8 years at 9% compounded annually... (answered by Alan3354)

(Future value) To what amont will $4,800 invested for 9 years at 11% compounded annually (answered by lynnlo)