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Mariana [72]
2 years ago
11

You plan to invest $1,210 a year for 7 years at a 9 percent annually? How much will you have in 7 years? Assume the first invest

ment is made in one year.
Mathematics
1 answer:
erastova [34]2 years ago
4 0

Answer:

See below

Step-by-step explanation:

For SIMPLE interest :

 1210 + 1210 * .09 * 7 = <u> $ 1972.30</u>

For ANNUAL COMPOUNDING of interest

  1210 ( 1 + .09)^7 = <u>$ 2211.93</u>

<u />

I do not know which one you need....what are you studying presently?

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