Math

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

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

    A=1000*1.09^8=1,992.56

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  2. 992.56

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  3. idk/..

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  4. PiEe

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