Laura invests $2,000 in a bank account which pays a compound interest rate of 6.4%. To the nearest cent, what amount is in the account after 5 years?

Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
Publisher:Carter
Chapter7: Exponents And Exponential Functions
Section: Chapter Questions
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Laura invests $2,000 in a bank account which pays a compound interest rate of 6.4%.
 
To the nearest cent, what amount is in the account after 5 years?
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