Find the final amount of money in an account if $2,600 is deposited at 5% interest compounded annually and the money is left for 9 years.

Question

The final amount is $
Round answer to 2 decimal places

Answer 1

recall your formula
A = P(1+r)^n
Now plug in your numbers

Answer 2

Would it be 23,508

Answer 3

2600 * 1.05^9 = 4033.45

what formula did you use? Not the one I gave you ...