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OpenStudy (anonymous):
A bank pays 7% interest compounded annually. What principal will grow to $100,000 in 9 years? (Round your answer to two decimal places.)
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OpenStudy (anonymous):
$54,393.37
OpenStudy (anonymous):
A = P (1 + r/n)^nt 100,000 = P (1.07)^9 100,000/(1.07)^9 = P
OpenStudy (anonymous):
why cant i take the power of 9 first?
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