Answered

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Cassie opened a savings account and deposited $100.00 as principal. The account earns 9% interest, compounded annually. What is the balance after 2 years?

Sagot :

micobra5

Answer:

$118.81

Step-by-step explanation:

you would plug in the values to the formula to get

100(1+.09)^2

.09 represent 9% and 2 represent the years

it would then come out to $118.81

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