Suppose

Holt Mcdougal Larson Pre-algebra: Student Edition 2012
1st Edition
ISBN:9780547587776
Author:HOLT MCDOUGAL
Publisher:HOLT MCDOUGAL
Chapter7: Percents
Section: Chapter Questions
Problem 48CR
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Question
Suppose that
$4000
is placed in an account that pays
13%
interest compounded each year.
Assume that no withdrawals are made from the account.

Follow the instructions below. Do not do any rounding.

(a) Find the amount in the account at the end of 1 year.
$
(b) Find the amount in the account at the end of 2 years
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