SOLUTION: You invest $1,300 in an account that has an annual interest rate of 5%, compounded annually. How much money will be in the account after 10 years? Round to the nearest whole number

SOLUTION: You invest $1,300 in an account that has an annual interest rate of 5%, compounded annually. How much money will be in the account after 10 years? Round to the nearest whole number

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Question 1113033: You invest $1,300 in an account that has an annual interest rate of 5%, compounded annually. How much money will be in the account after 10 years? Round to the nearest whole number.
Answer by rfer(16322) (Show Source): You can put this solution on YOUR website!
FV=1300(1.05)^10
FV=1300(1.629)
FV=2118.00
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