You have invested $90,000 at 11%. After paying the above school fees, how much would remain at the end of the nine years? (Do not round intermediate calculations. Round your answer to 2 decimal places.)

To calculate how much would remain from the $90,000 investment at 11% interest after paying school fees, we need additional information:

1. Is the 11% interest compounded annually, monthly, or some other period?
2. Are you withdrawing specific amounts for school fees each year?
3. What is the frequency and amount of school fee payments?
4. Is the interest rate applied before or after the fee deductions?

With this information, we can calculate the remaining amount step by step.

Could you clarify these points so I can proceed with the calculations?

Learn how to calculate the remaining amount from a $90,000 investment at 11% interest after paying school fees over nine years. This problem involves key financial concepts like compound interest, cash flow, and investment growth. Suitable for high school students in Grades 10-12.

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