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Suppose your friend's parents invest $25,000 in an account paying 7% compounded annually. What will the balance be after 8 years?

Suppose your friend's parents invest $25,000 in an account paying 7% compounded annually. What will the balance be after 8 years?
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1 vote
Suppose your friend's parents invest $25,000 in an account paying 7% compounded annually. What will the balance be after 8 years?

User Thia
by
7.7k points

2 Answers

7 votes

Answer: uhhh sorry if it's wrong but i think its 14000

Explanation:

User Slion
by
8.8k points
5 votes

Answer:

42954.65.

Explanation:

User Anders Nilsson
by
8.4k points
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