Find the balance in the account.
1 answer:
This can be solved using the formula for interest, which is the following:
Let:
F = Future value
P = Principal value
i = interest rate
n = interest period (n = 7)
F = P(1 + i)^n
Using the given values:
F = 2400(1 + 0.02)^7
F = 2756.8456
Therefore, the balance in the account would be $2756.85
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its step 2 he did not subtract it right hope this helps and have a great day and get some sleep lol
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