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Answer to Question #293754 in Financial Math for gkgh
Question #293754
3600 dollars is placed in an account with an annual interest rate of 9%. How much will be in the account after 25 years, to the nearest cent?
Expert's answer
"A = P( 1 + r\/n) ^t"
"3600(1 + 0.09\/1)^{25}"
= $ 31043.09
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