If you invest $6300 per year in a stock that grows at rate of 9% per year, how much will your stock be worth after 13 years?

College Algebra (MindTap Course List)
12th Edition
ISBN:9781305652231
Author:R. David Gustafson, Jeff Hughes
Publisher:R. David Gustafson, Jeff Hughes
Chapter8: Sequences, Series, And Probability
Section8.CT: Chapter Test
Problem 14CT
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QUESTION 9
If you invest $6300 per year in a stock that grows at rate of 9% per year, how much will your stock be worth after 13 years?
Transcribed Image Text:QUESTION 9 If you invest $6300 per year in a stock that grows at rate of 9% per year, how much will your stock be worth after 13 years?
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