Answer:
Explanation:
To solve this question, we can use the formula for compound interest:
A = P(1 + r/n)^(nt)
Where:
A is the total amount of money after t years
P is the initial principal (in this case, $600)
r is the annual interest rate (4%)
n is the number of times the interest is compounded per year (12, for monthly compounding)
t is the number of years
Plugging in the values, we get:
A = 600(1 + 0.04/12)^(12*14)
A = 600(1.00333)^168
A = $988.42 (rounded to two decimal places)
So, after 14 years, Levi will have approximately $988.42 in his account.