SOLUTION: What will be the amount accumulated by $ 9,000 in 9 years if it is compounded at a rate of 9% per year?

SOLUTION: What will be the amount accumulated by $ 9,000 in 9 years if it is compounded at a rate of 9% per year?

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Question 950303: What will be the amount accumulated by $ 9,000 in 9 years if it is compounded at a rate of 9% per year?
Answer by Alan3354(69443) (Show Source): You can put this solution on YOUR website!
What will be the amount accumulated by $ 9,000 in 9 years if it is compounded at a rate of 9% per year?
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Depends on the compounding period.
If it's annual:
AMT = 9000*(1.09)^9

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