You put $1,000 in an account that earns 9% annual interest every year for 7 years, then leave the account alone to earn interest for 4 years. After that time, how much money is in the account?

Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
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I have gotten $7083.21 and $7104.42 and both were incorrect
#2
X Incorrect
You put $1,000 in an account that
earns 9% annual interest every
year for 7 years, then leave the
account alone to earn interest for
4 years. After that time, how
much money is in the account?
?
7104.42 x
Submitted
Enter a different answer to resubn
Transcribed Image Text:#2 X Incorrect You put $1,000 in an account that earns 9% annual interest every year for 7 years, then leave the account alone to earn interest for 4 years. After that time, how much money is in the account? ? 7104.42 x Submitted Enter a different answer to resubn
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