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Mathematics
Financial Mathematics
Compound Interest
$1000 invested at an APR of 9% for 9 years. If interest is compounded annually, what is the amount of money after nine years?
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http://www.jiskha.com/display.cgi?id=1359330802
just use 1.09^9
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$1000 invested at an APR of 9% for 9 years. If interest is compounded annually, what is the amount of money after nine years?