document.write( "Question 549847: You invest $800 in an account with an annual interest rate of 3.2%, compounded annually. How much in in the account after 15 years? Round your answer to the nearest whole number \n" ); document.write( "
Algebra.Com's Answer #358130 by stanbon(75887)![]() ![]() ![]() You can put this solution on YOUR website! You invest $800 in an account with an annual interest rate of 3.2%, compounded annually. How much in in the account after 15 years? Round your answer to the nearest whole number \n" ); document.write( "---- \n" ); document.write( "A(t) = Ao(1+(r/n))^(nt) \n" ); document.write( "Ao = 800 \n" ); document.write( "n = 1 \n" ); document.write( "r = 0.032 \n" ); document.write( "t = 15 \n" ); document.write( "------ \n" ); document.write( "A(15) = 800(1.032)^(15) \n" ); document.write( "A(15) = $1283 \n" ); document.write( "==================== \n" ); document.write( "Cheers, \n" ); document.write( "Stan H. \n" ); document.write( "================= \n" ); document.write( " \n" ); document.write( " |