You place $1,360 in a savings account today that earns an annual interest rate of 9 percent

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You place $1,360 in a savings account today that earns an annual interest rate of 9 percent compounded annually. How much will you have in this account at the end of the 17 years? Assume that all interest received at the end of the year is reinvested the next year.

Round the answer to two decimal places.

Posted Date: May 18, 2024 11:12 AM

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You place $1,360 in a savings account today that earns an annual interest rate of 9 percent

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