Answer to Question #293754 in Financial Math for gkgh

Question #293754

3600 dollars is placed in an account with an annual interest rate of 9%. How much will be in the account after 25 years, to the nearest cent?

Expert's answer

"A = P( 1 + r\/n) ^t"

"3600(1 + 0.09\/1)^{25}"

= $ 31043.09

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