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If you deposit $10,000 in a bank account that pays 9% interest annually, how much will...

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Finance

If you deposit $10,000 in a bank account that pays 9% interestannually, how much will be in your account after 5 years? Roundyour answer to the nearest cent.

Answer & Explanation Solved by verified expert
4.5 Ratings (1136 Votes)
Solution The formula for calculating the future value of an Investment with compound Interest is P 1 rn n t Where P Principal r    See Answer
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