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If you invest $35,000 into an account that gets 9% interest compounded monthly, how much would you have in your account after 10 years?

If you invest $35,000 into an account that gets 9% interest compounded monthly, how much would you have in your account after 10 years?
asked 159k views
2 votes
If you invest $35,000 into an account that gets 9% interest compounded monthly, how much would you have

in your account after 10 years?

asked
User Jose Paez
by
7.6k points

1 Answer

6 votes

Answer:

$1084545551

Explanation:

We have:

$35000 x (1 + 9%)¹²ˣ¹⁰ = $1084545551

answered
User KhaledMohamedP
by
7.9k points
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