SOLUTION: B. Mary just deposited $33,000 in an account paying 7% interest. She plans to leave the money in this account for eight years. How much will she have in the account at the end of t

SOLUTION: B. Mary just deposited $33,000 in an account paying 7% interest. She plans to leave the money in this account for eight years. How much will she have in the account at the end of t

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Question 269292: B. Mary just deposited $33,000 in an account paying 7% interest. She plans to leave the money in this account for eight years. How much will she have in the account at the end of the seventh year? toins5@aol.com
Answer by rfer(16322) (Show Source): You can put this solution on YOUR website!
FV=P(1+.07)^7
FV=33000(1.07)^7
FV=33000(1.60)
FV=$52,800
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