Question

A. Determine the value of an account in which a person invested $6000 for 12 years at an annual rate of 9% compounded annually (n= 1).​

Answer 1

Answer:

16875.98

Step-by-step explanation:

6000(1+(0.09/1)^1*12 = 16875.98

Answer 2

Answer:

1648

Step-by-step explanation:

A=p(1+rt)

=6000$(1+(9/100)×12))

=1648.56