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In 2010 Staci invested $15,500 in a savings account for her newborn son. The account pays 2.7% interest each year. Determine the accrued value of the account in the year 2028, when her son will go to college.
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In 2010 Staci invested $15,500 in a savings account for her newborn son. The account pays 2.7% interest each year. Determine the accrued value of the account in the year 2028, when her son will go to college. Round your answer the nearest cent.

In the year 2028, the accrued value will be $

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7 votes

Answer:

In the year 2028, the accrued value will be $23,033

User Zrg
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