Annual interest rate

You placed $9,258 in a savings account today that earns an annual interest rate of 11 percent compounded annually. How much will you have in this account at the end of 38 years? Assume that all interest received at the end of the year is reinvested the next year.Round the answer to two decimal places.

This is a sample question

Need help with a similar assignment?

Place an order at Study Pirate

Attach all custom instructions.

Make Payment. (The total price is based on number of pages, academic level and deadline)

We’ll assign the paper to one of writers and send it back once complete.