Question: Hello. Can someone please help me with the following question please? You have $420 in an account which pays 4.1% compounded annually. If you invest
Hello. Can someone please help me with the following question please?
You have $420 in an account which pays 4.1% compounded annually. If you invest your money for 9 years, then how many dollars of interest will you earn by the end of the term?
The amount of interest you will earn by the end of the term is
$ ________ (Round to the nearest cent.)
Thanks!
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