SOLUTION: an account offers 4.5% interest compoundd annually. if you deposited $6000 in the account, what would be the account balance at the end of 15 years?

SOLUTION: an account offers 4.5% interest compoundd annually. if you deposited $6000 in the account, what would be the account balance at the end of 15 years?

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Question 230261: an account offers 4.5% interest compoundd annually. if you deposited $6000 in the account, what would be the account balance at the end of 15 years?
Answer by rfer(16322) (Show Source): You can put this solution on YOUR website!
A=P(1+r)^15
A=6000(1.045)^15
A=6000(1.935282443)
A=$11611.69

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