award4u award4u
  • 11-03-2017
  • Mathematics
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suppose that $ 8500 is places in an account that pays 9% interest compounded each year. Assume that no withdrawals are made from the account. find the amount in the account at end of 1 year?

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ramose4367
ramose4367 ramose4367
  • 11-03-2017
The Answer is $9265

8500 x 0.09= 765
765+8500=9265
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Aliwohaish12
Aliwohaish12 Aliwohaish12
  • 11-03-2017
A=p(1+r)^t
A=8,500×(1+0.09)
A=9,265
Answer Link

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