How much will you accumulate in your account
Question: 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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If you earn 9% compound interest on your funds, how much will you need to invest today in a lump sum in order to reach your savings goal?
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If the bank pays 9% compound interest annually, how much will you accumulate in your account after 11 years?
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It has reduced costs and provided effective supply side management in the distribution chain.
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