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Interest received at the end of the year

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You placed $1,360 in a savings account today that earns an annual interest rate of 9 percent compounded annually. How much will you 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.

All the work has to be shown! Round the answer to two decimal places

Reference no: EM132540394

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