If you deposit $700 in an account that earns 9% per year (compounded monthly), what...
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Accounting
If you deposit $700 in an account that earns 9% per year (compounded monthly), what will the balance in the account be at the end of 6 years? Round your answer to the nearest dollar. Your Answer: Answer Question 3 (1 point) Exactly 20 years ago, you put $140000 into an interest-earning account. Today, it is worth $265000. What is the effective annual interest earned on the account? Express your answer as a percentage and round to two decimal places. Your
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