Answer:
The Amount of money in the account after 28 years is $616,674.5
Explanation:
Given as :
The principal amount placed in the account = p = $67,000
The rate of interest = r = 8.25%
The time period of amount in the account = t = 28
Let the Amount of money in the account = $A
Now, From Compound Interest method
Amount = Principal ×

A = p ×

Or, A = $67,000 ×

Or, A = $67,000 ×

Or, A = $67,000 × 9.2041
∴ A = $616,674.7
So, The Amount of money in the account = A = $616,674.5
Hence, The Amount of money in the account after 28 years is $616,674.5 Answer