A principal of $3700 is invested at 4.75% interest, compounded annually. How much will the investment be worth after 9 years?
1 answer:
Amount = 3,700 * (1.0475)^9
<span><span>Amount = 3,700 * 1.5184003135
</span>
</span><span>Amount =
</span><span><span><span>5,618.08
</span>
</span>
</span>
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