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3.Practice Problem - You deposit $4,000 in your bank account. If the bank pays 9% compound interest annually, how much will you accumulate in your account after 11 years?

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3.Practice Problem - You deposit $4,000 in your bank account. If the bank pays 9% ...

Solution Summary

This solution is comprised of a detailed explanation to answer how much will you accumulate in your account after 11 years.

$2.19