SOLUTION: If $4,321.00 is deposited into an account at 23% compounded annually, how much money is in the account after 6 years? Round to the nearest cent

SOLUTION: If $4,321.00 is deposited into an account at 23% compounded annually, how much money is in the account after 6 years? Round to the nearest cent

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Question 481670: If $4,321.00 is deposited into an account at 23% compounded annually, how much money is in the account after 6 years? Round to the nearest cent
Answer by jorel1380(3719) (Show Source): You can put this solution on YOUR website!
4321x(1.23)^6=4321x3.463=$14962.87 in the account after 6 years..
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