Register

Freddie opened a savings account and deposited $500 as principal. The account earns 7% interest, compounded annually. What is the balance after 9 years? Round to the nearest cen…

Freddie opened a savings account and deposited $500 as principal. The account earns 7% interest, compounded annually. What is the balance after 9 years? Round to the nearest cen…
asked 167k views
5 votes
Freddie opened a savings account and deposited $500 as principal. The account earns 7% interest, compounded annually. What is the balance after 9 years? Round to the nearest cent.

asked
User DessDess
by
8.1k points

2 Answers

3 votes

Answer: 157,500 is the right answer hope this helped!!!!!!!

answered
User KrazyGautam
by
7.6k points
5 votes

Answer:157,500



Explanation:


answered
User Tomer Omri
by
8.2k points
← Prev Question Next Question →

Related questions

Ask a Question
Welcome to Qamnty — a place to ask, share, and grow together. Join our community and get real answers from real people.

Categories

Other Questions

How do you can you solve this problem 37 + y = 87; y =
What is .725 as a fraction
How do you estimate of 4 5/8 X 1/3
Link Copied!