What will $110,000 grow to be in 9 years if it is invested today at 11%?

asked May 23, 2024 21.7k views

2 votes

by Sada

8.6k points

Please log in or register to add a comment.

5 votes

Answer:

$\$281\text{,}384.06$

Explanation:

$A=P(1+r)^t=\$110\text{,}000(1.11)^9\approx\$281\text{,}384.06$

Lonelymo answered May 27, 2024

8.8k points

Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

9.4m questions

12.2m answers