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Lorena deposited $2372 into an account that earns 4.5% interest which is compounded once a year. how much money will lorena have in the account in 20 years?
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Lorena deposited $2372 into an account that earns 4.5% interest which is compounded once a year. how much money will lorena have in the account in 20 years?

User Armin Braun
by
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2 Answers

6 votes

Answer:

5720.59

Explanation:

I know it's correct

User BeeFriedman
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2 votes
A=p(1+i/k)^kn,,A=2372(1+0.045)^20=5,720.59
User Penelope
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