SOLUTION: You deposit $500 in an account earning 4% interest compounded annually. How much will you have in the account in 15 years?

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Question 956726: You deposit $500 in an account earning 4% interest compounded annually. How much will you have in the account in 15 years?
Answer by checkley77(12844) About Me  (Show Source):
You can put this solution on YOUR website!
P(1+R)^T
500(1+.04)^15
500(1.04)^15
500*1.8=$900.47 ans.