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

07-06-2018

=3400(1+0.0825/1)^1*25
=3400(1.0825)^25
=3400(7.2560058)
=24670.41

Hope this helps!!!

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jsouvall jsouvall

18-12-2020

Answer:

24670.42

Step-by-step explanation:

other answer did incorrect rounding

Answer Link

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