SOLUTION: Jill wants to save to buy a car. She decides to open a banking account that is offering an interest rate of 4.5% compounded annually. How much will Jill have in her account after 5

Question 1142186: Jill wants to save to buy a car. She decides to open a banking account that is offering an interest rate of 4.5% compounded annually. How much will Jill have in her account after 5 years if she deposits $7,000 today?
Answer by ikleyn(52813) (Show Source): You can put this solution on YOUR website!
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Future value =  = 8723.27 dollars.    ANSWER

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