The amount of the money after 27 years will be $4800.
What is the amount?
The quantity of money anyone has is termed as the amount. The solution to the question is given as follows:-
Given that investments double every 9 years and you start with a $600 investment. how much money would you have after 27 years?
We know that the amount is getting double in every 9 years so the number of times the amount will get doubled will be = 27 / 9 = 3
Future amount = 600(1+1)³
Future amount = 600 ( 2 )³
Future amount = 600 ( 8 ) = $4800
Therefore the amount of the money after 27 years will be $4800.
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