Question: content area top Part 1 Use the compound interest formula to determine the accumulated balance after the stated period. $1000 invested at an APR of

content area top Part 1 Use the compound interest formula to determine the accumulated balance after the stated period. $1000 invested at an APR of 9% for 7 years. Question content area bottom Part 1 If interest is compounded annually, what is the amount of money after 7 years? $ enter your response here (Do not round until the final answer. Then round to the nearest cent as needed.)

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