Question 890051
Find the compound amount for the deposit. $1,050.00 at 6.5% compounded annually for 17 years.
.
interest formula:
A = P(1+i)^t
A = 1050(1+.065)^17
A = 1050(1.065)^17
A = 1050(2.917046366)
A = $3062.90