Karen invests $2,400 into an account with a 6.8% interest that is compounded annually. How much money will she have in this acco
unt if she keeps it for 8 years? Round your answer to the nearest cent. Do NOT round until you have calculated the final answer.
2 answers:
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Answer:
The answer is 4062.39
Step-by-step explanation:
A=$2,400(1+0.0681)1(8). Simplify using the order of operations: A=$2,400(1.068)8=$2,400(1.692661131)≈$4,062.39.
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