Mathematics, 12.04.2021 01:00 naomicervero

Charlie deposits $1,000 on the first day of each year into his investment account. The account grows at a rate of 8 percent per year. To the nearest dollar, how much money will
be in the account on the first day of the 11th year?

$16,645
$14,487
$1.087
$18.977

Answers: 3

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More questions: Mathematics Another questions

Charlie deposits $1,000 on the first day of each year into his investment account. The account grows at a rate of 8 percent per year. To the nearest dollar, how much money will be in the account on the first day of the 11th year? $16,645 $14,487 $1.087 $18.977

Answers

Another question on Mathematics

Charlie deposits $1,000 on the first day of each year into his investment account. The account grows at a rate of 8 percent per year. To the nearest dollar, how much money will
be in the account on the first day of the 11th year?

$16,645
$14,487
$1.087
$18.977