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P5-1 (similar to) (Related to Checkpoint 5.2) (Future value) To what amount will $5,100 invested for 9 years at 9 percent com

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Answer #1

We know that,

Future Value = Present value * (1+rate)^years

= 5100 * (1+ 0.09)^9

= $11076.66 Answer

Kindly do inform me in case you have any queries.

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