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I wish to see step-by-step answers by plugging in the numbers into each formula. Mr.M has invested $5,500 each year in his bank account for
I wish to see step-by-step answers by plugging in the numbers into each formula.
Mr.M has invested $5,500 each year in his bank account for 5 years that has promised to pay a 9% interest compounded annually. What will be the investments future value? Calculate the investments future value? Choose an answer
A The investments future value is $49,500.00.
B The investments future value is $38,415.91.
C The investments future value is $32,915.91.
D The investments future value is $35,962.43.
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