SOLUTION: Mary just deposited $33,000 in an account paying 7% interest. She plans to leave the money in this account for eight years. How much will she have in the account at the end of the

SOLUTION: Mary just deposited $33,000 in an account paying 7% interest. She plans to leave the money in this account for eight years. How much will she have in the account at the end of the

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Question 323651: Mary just deposited $33,000 in an account paying 7% interest. She plans to leave the money in this account for eight years. How much will she have in the account at the end of the seventh year?
Answer by rfer(16322) (Show Source): You can put this solution on YOUR website!
I assume annual compounding?
A=33000(1+.07)^7
A=33000*1.61
A=$53,130.00
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