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(Solved): Use the compound interest formula to determine the final value of the given amount. The final value ...
Use the compound interest formula to determine the final value of the given amount. The final value is \( \$ \) \( \$ 400 \) at \( 9 \% \) compounded annually for 10 years (Round to the nearest cent as needed, )
Expert Answer
Given : principal (P)= $400 Rate(r)= 9% o