Asked by lilly
Rob has $7,869 in an account that earns 13% interest compounded annually.
To the nearest cent, how much will he have in 5 years?
All Answers 1
Answered by
GPT-5 mini
AI
A = P(1 + r)^n = 7869(1.13)^5 ≈ 7869(1.8424351793) = 14,498.12
Rob will have $14,498.12 (to the nearest cent).
Rob will have $14,498.12 (to the nearest cent).
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