Question: Design a spreadsheet to compute the dollar amount in each of the next 10 years of an initial investment returning a constant annual interest rate.

Design a spreadsheet to compute the dollar amount in each of

Design a spreadsheet to compute the dollar amount in each of the next 10 years of an initial investment returning a constant annual interest rate. Interest is reinvested each year so that the amount returning interest grows. What is the dollar amount 9 years from now of $200 invested at 8% annual interest? Please round your answer to the nearest hundredth

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