The formula for an account that earns compound interest is Pt=P0·(1+r)t
P
t
=
P
0
·
1
+
r
t
, where Pt
P
t
represents the balance in the account after t
t
years, P0
P
0
represents the initial amount of the deposit, and r
r
represents the interest rate. Carrie is considering depositing $1480
$
1480
into an account that pays compound interest. How much will be in her account if she receives 1.9%
1
.
9
%
compound interest for ten years? Round to the nearest cent.