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Dudley's aunt Marjorie invests $9000 into a bank account for Dudley with an annual interest rate of 2%. Dudley cannot take the money out for 11 years. What will the value of the account be at the end of 11 years? (Assume that the interest is compounded yearly and round your answer to the nearest penny)

 Feb 3, 2017
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Value = 9000(1 + .02)^11   ≈ $ 11190.37

 

 

 

cool cool cool

 Feb 3, 2017

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