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Will Upvote! Need help! Find the balance in the account. $700 principal earning 5%, compounded monthly, after 9 years A: $79,380.00 B: $1,085.93 C: $1,096.79 D: $16,088.19

Will Upvote! Need help! Find the balance in the account. $700 principal earning 5%, compounded monthly, after 9 years A: $79,380.00 B: $1,085.93 C: $1,096.79 D: $16,088.19
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Will Upvote! Need help!

Find the balance in the account.
$700 principal earning 5%, compounded monthly, after 9 years
A: $79,380.00
B: $1,085.93
C: $1,096.79
D: $16,088.19

User Sgrubsmyon
by
8.6k points

1 Answer

6 votes
The answer would be C
User Axilmar
by
8.4k points
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