Answered: Find the final amount of money in an…

Find the final amount of money in an account if $3, 300 is deposited at 2 % interest compounded annually and the money is left for 7 years. The final anmount is $ Round answer to 2 decimal places

College Algebra (MindTap Course List)

12th Edition

ISBN:9781305652231

Author:R. David Gustafson, Jeff Hughes

Publisher:R. David Gustafson, Jeff Hughes

Chapter8: Sequences, Series, And Probability

Section8.4: Geometric Sequences And Series

Problem 7SC

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Find the final amount of money in an account if 3, 300 is deposited at 2% interest compounded annually
and the money is left for 7 years.
The final amount is $
Round answer to 2 decimal places
Submit Question
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