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Future valueYou have $900 to invest. If you put the money into an account earning 6% interest compounded annually, how much money will you have
Future valueYou have $900 to invest. If you put the money into an account earning 6% interest compounded annually, how much money will you have in 6 years? How much money will you have in 6 years if the account pays 6% simple interest?
If you put the money into an account earning 6% interest compounded annually, after 6 years you will have $_______ (Round to the nearest cent.)
If you put the money into an account that earns 6% simple interest, after 6 years you will have $______ (Round to the nearest cent.)
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