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Mathematics 14 Online
OpenStudy (anonymous):

Please check my work... 1. 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. 1000(1+ .09)^8 1000(1.09)^8 1000*1.99256264 = $1992.56

OpenStudy (anonymous):

yes - correct

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