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10 June, 21:48

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. 10 June, 22:16
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    The answer would be $34,162.89
  2. 10 June, 23:31
    0
    Value after 10 years = 20000 (1 + 0.055) ^10

    = 34,162.89 dollars
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