What is the final amount of money in an account if $8,800 is deposited at 6.5% interest compounded annually and the money is left for 6 years ? Round answer to 2 decimal places please

Intermediate Algebra
19th Edition
ISBN:9780998625720
Author:Lynn Marecek
Publisher:Lynn Marecek
Chapter2: Solving Linear Equations
Section2.2: Use A Problem Solving Strategy
Problem 2.49TI: Nathaly deposited $12,500 in her bank account where it will earn 4% simple interest. How much...
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What is the final amount of money in an account if $8,800 is deposited at 6.5% interest compounded annually and the money is left for 6 years ? Round answer to 2 decimal places please
Find the final amount of money in an account if $8, 800 is deposited at 6.5 % interest compounded
annually and the money is left for 6
years.
The final amount is $
. Round answer to 2 decimal places
Transcribed Image Text:Find the final amount of money in an account if $8, 800 is deposited at 6.5 % interest compounded annually and the money is left for 6 years. The final amount is $ . Round answer to 2 decimal places
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