<-- Start Balance
<-- # of periods
<-- Interest rate
              

Answer
Success!
A = 33,300.16

↓Steps Explained:↓

How much is 9000 worth after 17 years

using an annual interest rate of 8%
compounded annually?

Calculate Accumulated Balance

A = B(1 + i)n
where A = accumulated balance
B = opening balance
i = Annually interest rate
and n = number of periods

Plugging in our values

A = 33,300.16

A = 9000(1.08)17

A = 9000(3.7000180548009)

How much interest was earned?

Interest Earned = Accum. Value - Start Balance

Plug in our values

Interest Earned = 33,300.16 - 0.00

Interest Earned = 33,300.16

33300.16

Final Answer

A = 33,300.16

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