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15 December, 05:45

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. 15 December, 06:50
    0
    The answer would be $34,162.89
  2. 15 December, 09:37
    0
    Value after 10 years = 20000 (1 + 0.055) ^10

    = 34,162.89 dollars
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