If 5000 dollars is invested in a bank account at an interest rate of 10 per cent per year, find the | MathCelebrity Forum

If 5000 dollars is invested in a bank account at an interest rate of 10 per cent per year, find the

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math_celebrity

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If 5000 dollars is invested in a bank account at an interest rate of 10 per cent per year, find the amount in the bank after 9 years if interest is compounded annually.

We assume the interest is compounded at the end of the year. Use the annuity immediate formula:
67,897.39
 
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