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Suppose that you deposit $9000 in a savings account that pays 9% annual interest, with interest credited to the account at the end of each
Suppose that you deposit $9000 in a savings account that pays 9% annual interest, with interest credited to the account at the end of each year. Assuming that no withdrawals are made and that interest is compounded annually, complete parts (a) and (b) below. (a) Find the balance in the account after 5 years (b) Find the balance in the account after 6 years and 10 months (a) The amount of money in the account after 5 years is $ (Round to the nearest cent as needed.) (b) The amount of money in the account after 6 years and 10 months is $ (Round to the nearest cent as needed.)
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