SOLUTION: Someone deposits $1200 into a bank account that pays 7% interest which is compounded yearly. How much money is in the account after 8 years assuming there were no future investment

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Question 888932: Someone deposits $1200 into a bank account that pays 7% interest which is compounded yearly. How much money is in the account after 8 years assuming there were no future investments or withdrawals?
Answer by Fombitz(32388) About Me  (Show Source):