SOLUTION: Latifah opens a bank account with $800. The account accrues 6% interest compounded annually. How much money will she have in her account at the end of 2 years, rounded to the ne

SOLUTION: Latifah opens a bank account with $800. The account accrues 6% interest compounded annually. How much money will she have in her account at the end of 2 years, rounded to the ne

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Question 896808: Latifah opens a bank account with $800. The account accrues 6% interest compounded annually.
How much money will she have in her account at the end of 2 years, rounded to the nearest cent?
Answer by rfer(16322) (Show Source): You can put this solution on YOUR website!
FV=800(1.06)^2
FV=898.88
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