# Math

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An initial investment of \$1000 is appreciated for 8 years in an account that earns 9% interest, compounded annually. Find the amount of money in the account at the end of the period

• Math -

The accumulation value at the end of nth
period A=P(1+i)^n

A=1000*1.09^8=1,992.56

• Math -

992.56

• Math -

idk/..

• Math -

PiEe

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