Mathematics, 01.12.2020 19:00 morgannwaldrupp

PLEASE HELP Akira puts $1,000.00 into an account to use for school expenses. The account earns 5%
interest, compounded annually. How much will be in the account after 7 years?

Use the formula
A = P(1+r/n)^nt

where A is the balance (final amount), P is the principal
(starting amount), r is the interest rate expressed as a decimal, n is the number of times per
year that the interest is compounded, and t is the time in years.
Round your answer to the nearest cent.

Answers: 2

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PLEASE HELP Akira puts $1,000.00 into an account to use for school expenses. The account earns 5%

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