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Find the amount in the account at the end of first year

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Question - Suppose Lisa places $9000 in an account that pays 12% interest compounded each year. Assume that no withdrawals are made from the account. Follow the instructions below. Do not do any rounding.

(a) Find the amount in the account at the end of 1 year.

(b) Find the amount in the account at the end of 2 years.

Reference no: EM133065223

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