SOLUTION: Find the amount of money in an account after 7 years if $3600 is deposited at 8% annual interest compounded annually.

SOLUTION: Find the amount of money in an account after 7 years if $3600 is deposited at 8% annual interest compounded annually.

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Question 382382: Find the amount of money in an account after 7 years if $3600 is deposited at 8% annual interest compounded annually.
Answer by rfer(16322) (Show Source): You can put this solution on YOUR website!
A=3600(1+0.08)^7
A=3600*1.71382
A=$6169.77
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