SOLUTION: Suppose your friends parents invest $15,000 in an account paying 6% compounded annually. what will the balance be after eight years?

SOLUTION: Suppose your friends parents invest $15,000 in an account paying 6% compounded annually. what will the balance be after eight years?

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Question 1111686: Suppose your friends parents invest $15,000 in an account paying 6% compounded annually. what will the balance be after eight years?
Answer by ikleyn(52781) (Show Source): You can put this solution on YOUR website!
.

The balance will be


Balance =  =  = .


Use your calculator.

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