SOLUTION: To what amount will $4900 invested for 10 years at 9% compunded annually accumulate?

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Question 561005: To what amount will $4900 invested for 10 years at 9% compunded annually accumulate?
Answer by stanbon(75887) About Me  (Show Source):
You can put this solution on YOUR website!
To what amount will $4900 invested for 10 years
at 9% compunded annually accumulate?
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A(t) = P(1+(r/n))^(nt)
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A(10) = 4900(1.09)^(10)
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A(10) = $11,600
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Cheers,
Stan H.
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