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16 October, 13:51

April recieved $1,800 from her grandmother as a birthday gift. She decided to put the money in an account to save for college. If the account earns 9% interest compounded annually how much money will be in the account after 5 years?

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  1. 16 October, 17:26
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    A = 1800 (1 + (0.09 * 5)) = 2610

    A = $2,610.00
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