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

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

User Sada
by
8.6k points

1 Answer

5 votes

Answer:


\$281\text{,}384.06

Explanation:


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

User Lonelymo
by
8.8k points
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