<PRE><B>Question 439412</B>
If a nurse deposits $10,000 today in a bank account and the interest is compounded annually at 12%, what will the value of the investment be nine years from now?
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A(t) = P(1+(r/n))^(nt)
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A(9) = 10,000(1+(0.12/1))^(1*9)
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A(9) = 10,000*(1.12)^9
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A(9) = $27,730.78
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Cheers,
Stan H.
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