SOLUTION: If an investment of $25,000 earns 9% annual interest, approximate the value of the investment after 24 years.

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Question 402048: If an investment of $25,000 earns 9% annual interest, approximate the value of the investment after 24 years.
Answer by rfer(16322) About Me  (Show Source):
You can put this solution on YOUR website!
A=P(1+r)^t
A=25000(1.09)^24
A=197,777.00