trinitymoore18 trinitymoore18
  • 07-06-2018
  • Mathematics
contestada

3400 dollars is placed in an account with an annual interest rate of 8.25%. How much will be in the account after 25 years, to the nearest cent?

Respuesta :

cchikoo
cchikoo cchikoo
  • 07-06-2018
=3400(1+0.0825/1)^1*25
=3400(1.0825)^25
=3400(7.2560058)
=24670.41

Hope this helps!!!
Answer Link
jsouvall
jsouvall jsouvall
  • 18-12-2020

Answer:

24670.42

Step-by-step explanation:

other answer did incorrect rounding

Answer Link

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