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An investment of $7,650 earns interest at the rate of 5% and is compounded quarterly. what is the accumulated value of the investment at the end of 9 years? a. $11,964.17 b. $11,867.66 c. $9,338.56 d. $8,554.94 please select the best answer from the choices provided a b c d

Respuesta :

The accumulated value of the investment at the end of 9 years is $11,964.17.

What investment means?

An investment is an asset or item purchased with the intention of earning revenue or increasing in value. An increase in the value of an asset over time is referred to as appreciation. When a person buys a good as an investment, the intention is not to consume the good but rather to use it to build wealth in the future.

An investment is any asset bought for a low cost with the expectation that it will provide value in the future that exceeds its initial cost and time to value. This is due to an increase in the asset's value. This could be due to: a shift in market conditions.

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