Register

$9500 in an account that pays 9% interest compounded each year. Assume that no withdrawals are made from the account.

$9500 in an account that pays 9% interest compounded each year. Assume that no withdrawals are made from the account.
asked 144k views
2 votes
$9500 in an account that pays 9% interest compounded each year. Assume that no withdrawals are made from the account.

asked
User Steven Ventimiglia
by
9.2k points

1 Answer

6 votes
$475 are added each year
answered
User Mayen
by
7.7k 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
A bathtub is being filled with water. After 3 minutes 4/5 of the tub is full. Assuming the rate is constant, how much longer will it take to fill the tub?
Link Copied!