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Posted on Oct 06, 2024

A bank account pays an annual interest rate of 1 . 1 % with annual compounding. If you deposit $ 4 , 0 0 0

A bank account pays an annual interest rate of

1.1 %

with annual compounding. If you deposit $

4, 000

today, how much will you have in the account

9

years from today?

Round your answer to the nearest penny.

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