4,800 invested for 10 years at 9% compounded annually will accumulate to
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4,800 invested for 10 years at 9% compounded annually will accumulate to
Zero... because any investment promising 9% returns is a sham.
I will assume this is home work based on a old book, but if this is suppose to be a real question, I agree, 9 percent is not really possible any longer, at least on a regular basis.
Looks like a homework question.
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