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How much would Bill have after 5 years, if he invested $7000 at 9% per annum, compounded monthly ?
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Apr 27, 2024
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How much would Bill have after 5 years, if he invested $7000 at 9% per annum, compounded monthly ?
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Answer:
T = $7,000(1 + .09/12)⁶⁰ = $10,959.77
Korifey
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May 2, 2024
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