Wesley and Mia deposit $800.00 into a savings account which earns 15% interest compounded annually. They want to use the money i
n the account to go on a trip in 2 years. How much will they be able to spend? where A is the balance (final amount), P is the principal (starting amount), r is the interest rate expressed as a decimal, n is the number of times per year that the interest is compounded, and t is the time in years.
Round your answer to the nearest cent.
