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6 December, 17:28

Jill invested $20,000 in an account that earned 5.5% annual interest compounded annually, what is the value after 10 years

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Answers (2)
  1. 6 December, 17:42
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    The answer would be $34,162.89
  2. 6 December, 17:54
    0
    Value after 10 years = 20000 (1 + 0.055) ^10

    = 34,162.89 dollars
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