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5. What is the balance in an account opened with $25,000 earning 6% interest compounded yearly after 7 years? How much interest is earned after 7 years?

5. What is the balance in an account opened with $25,000 earning 6% interest compounded yearly after 7 years? How much interest is earned after 7 years?
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5 votes
5. What is the balance in an account opened with $25,000 earning 6% interest compounded yearly

after 7 years? How much interest is earned after 7 years?

User Sumit Arora
by
9.2k points

1 Answer

5 votes

Answer:

$26.507

Explanation:

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User Saniya
by
8.5k points
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