Homework Help: MATH HELP PLEASE

Posted by Dave on Sunday, January 27, 2013 at 6:53pm.

$9000 invested at an APR of 9% for five years. In interest is compounded annually, what Ia the amount of money after 5 years?

MATH HELP PLEASE - Damon, Sunday, January 27, 2013 at 7:04pm
1.09^5 = 1.5386

1.5386 * 9000 = $ 13,847.62

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