interest

If \$635 is invested in an account that earns 9.25%, compounded annually, what will the account balance be after 21 years?

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1. http://www.moneychimp.com/articles/finworks/fmfutval.htm

The formula is here.

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2. amount = 635(1.0925)^21 = .....

you do the button-pushing.

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posted by Reiny

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