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Suppose Martina places $9000 in an account that pays 18% interest compounded each year. Assume that no withdrawals are made from the account. Find the amount in the account at the end of 1 year and 2 years.
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Jul 27, 2022
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Suppose Martina places $9000 in an account that pays 18% interest compounded each year.
Assume that no withdrawals are made from the account.
Find the amount in the account at the end of 1 year and 2 years.
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Answer: 1232
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