You placed 1360 in a savings account today that earns an, Finance Basics

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You placed 1360 in a savings account today that earns an

Question: You placed $1.360 in a savings account today that earns an annual interest rate of 9 percent compounded annually. How much you will have in this account at the end of 17 years? Assume that all interest received at the end of the year is reinvested the next year.

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