SOLUTION: Leah opened a savings account and deposited $500 as principal. The account earns 7% interest, compounded annually. What is the balance after 9 years? Round to the nearest cent.

Question 1063522: Leah opened a savings account and deposited $500 as principal. The account earns 7% interest, compounded annually. What is the balance after 9 years? Round to the nearest cent.
Answer by josgarithmetic(39616) (Show Source): You can put this solution on YOUR website!
Amount of balance after x years:

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