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How much would Bill have after 5 years, if he invested $7000 at 9% per annum, compounded monthly ?

How much would Bill have after 5 years, if he invested $7000 at 9% per annum, compounded monthly ?
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How much would Bill have after 5 years, if he invested $7000 at 9% per annum, compounded monthly ?

User SSA
by
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1 Answer

5 votes

Answer:

T = $7,000(1 + .09/12)⁶⁰ = $10,959.77

User Korifey
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