Find the final amount of money in an account if $2, 200 is deposited at 7.5 % interest compounded annually and the money is left for 8 years.

College Algebra
1st Edition
ISBN:9781938168383
Author:Jay Abramson
Publisher:Jay Abramson
Chapter9: Sequences, Probability And Counting Theory
Section: Chapter Questions
Problem 29RE: Alejandro deposits $80 of his monthly earnings into an annuity that earns 6.25% annual interest,...
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Find the final amount of money in an account if $2, 200 is deposited at 7.5 % interest
compounded annually and the money is left for 8 years.
Transcribed Image Text:Find the final amount of money in an account if $2, 200 is deposited at 7.5 % interest compounded annually and the money is left for 8 years.
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