Homework Help: math

Posted by Anonymous on Tuesday, July 19, 2011 at 12:41am.

If $690 is invested in an account that earns 20.75%, compounded annually, what will the account balance be after 25 years? (Round your answer to the nearest cent.)

math - Damon, Tuesday, July 19, 2011 at 5:45am
690 (1.2075)^25 = $ 79,917.93

Answer this Question

Related Questions

math - If $690 is invested in an account that earns 20.75%, compounded annually...
algebra - If $1000 is invested in an account that earns 11.75%, compounded ...
STRAYER - If $795 is invested in an account that earns 11.75%, compounded ...
ALGEBRA - If $695 is invested in an account that earns 21.75%, compounded ...
ALGEBRA - If $695 is invested in an account that earns 21.75%, compounded ...
ALGEBRA - If $540 is invested in an account that earns 19.75%, compounded ...
interest - If $635 is invested in an account that earns 9.25%, compounded ...
math - If $570 is invested in an account that earns 12.75%, copounded annually, ...
math - If $570 is invested in an account that earns 12.75%, copounded annually, ...
math - If $870 is invested in an account that earns 24.25%, compounded annaually...

For Further Reading

First Name:
School Subject:
Answer: