Henry places the lump sum amount of 475 in a bank savings


Henry places the lump sum amount of $475 in a bank savings account today that offers an annual interest rate of 7.95% compounded 12 times per year. How much will Henry have in his account 9 years from today?

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Financial Management: Henry places the lump sum amount of 475 in a bank savings
Reference No:- TGS0976194

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