SOLUTION: at the end of four years a company will put 400,000.00 into investment paying 9% per year. how much will be invested after the fourth year? if the company kept up the investment pl

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Question 248842: at the end of four years a company will put 400,000.00 into investment paying 9% per year. how much will be invested after the fourth year? if the company kept up the investment plan for 7 years instead of four how much would be in the account at the end of the seventh year?
Answer by stanbon(75887) About Me  (Show Source):
You can put this solution on YOUR website!
What kind of investment was made? compounded, simple?
If compound, what period? monthly, quarterly, continuous?
Cheers,
Stan H.