SOLUTION: find the final balance and interest ; $820 at 7% compounded annually for 2 years

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Question 671571: find the final balance and interest ; $820 at 7% compounded annually for 2 years
Answer by rfer(16322) About Me  (Show Source):
You can put this solution on YOUR website!
A=820(1.07)^2
A=820*1.1449
A=$938.82
interest $118.82