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How much would Bill have after 5 years, if he invested $7000 at 9% per annum, compounded monthly ?

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asked Apr 27, 2024 116k views

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How much would Bill have after 5 years, if he invested $7000 at 9% per annum, compounded monthly ?

Mathematics
high-school

SSA asked

by SSA

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1 Answer

5 votes

Answer:

T = $7,000(1 + .09/12)⁶⁰ = $10,959.77

Korifey answered May 2, 2024

by Korifey

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How much would Bill have after 5 years, if he invested $7000 at 9% per annum, compounded monthly ?

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