Find the final amount of money in an account if $5, 100 is deposited at 5.5 % interest compounded annually and the money is left for 5 years. The final amount is $ Round answer to 2 decimal places

Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
Publisher:Carter
Chapter7: Exponents And Exponential Functions
Section: Chapter Questions
Problem 69SGR
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Find the final amount of money in an account if $5, 100 is
deposited at 5.5 % interest compounded annually and the
money is left for 5 years.
The final amount is $
Round answer to 2 decimal places
Transcribed Image Text:Find the final amount of money in an account if $5, 100 is deposited at 5.5 % interest compounded annually and the money is left for 5 years. The final amount is $ Round answer to 2 decimal places
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