You deposit $2000 in an account with 6% annual compound interest. Complete the following, assuming you make no additional deposits or withdrawals. S How much money will be in the account 10 years from now? A There will be $ (Round to nearest cent.)

College Algebra
7th Edition
ISBN:9781305115545
Author:James Stewart, Lothar Redlin, Saleem Watson
Publisher:James Stewart, Lothar Redlin, Saleem Watson
Chapter8: Sequences And Series
Section8.4: Mathematics Of Finance
Problem 26E
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You deposit $2000 in an account with 6% annual compound interest. Complete the following, assuming you make no additional deposits or withdrawals.
How much money will be in the account 10 years from now?
A
There will be $
(Round to nearest cent.)
Transcribed Image Text:You deposit $2000 in an account with 6% annual compound interest. Complete the following, assuming you make no additional deposits or withdrawals. How much money will be in the account 10 years from now? A There will be $ (Round to nearest cent.)
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