SOLUTION: Jill wants to save to buy a car. She decides to open a banking account that is offering an interest rate of 4.5% compounded annually. How much will Jill have in her account after 5

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Question 1041423: Jill wants to save to buy a car. She decides to open a banking account that is offering an interest rate of 4.5% compounded annually. How much will Jill have in her account after 5 years if she deposits $7,000 today?
Answer by Alan3354(69443) About Me  (Show Source):
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Jill wants to save to buy a car. She decides to open a banking account that is offering an interest rate of 4.5% compounded annually. How much will Jill have in her account after 5 years if she deposits $7,000 today?
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7000*(1 + 0.045)^5