Question: Could you please help me to solve this application problem? If $1500 is invested at 4% compounded annually, the amount A present after n years

Could you please help me to solve this application problem?

If $1500 is invested at 4% compounded annually, the amount A present after n years forms a geometric series with common ratio 1 + 0.04 = 1.04. Use a geometric sequence formula to find the amount A in the account after 10 years and after 20 years and a, is the amount in the account after 1 year.. The amount in the account after 10 years is A = $ 7. (Round to the nearest cent as needed.)

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