Suppose your friends parents invest $15000 in an account paying 6% compounded annually. what will the balance be after 8 years

$23,907.72

Step-by-step explanation:

Lets use the compound interest formula to solve:

P = initial balance

r = interest rate (decimal)

n = number of times compounded annually

t = time

First, lets change 6% into a decimal:

6% -> -> 0.06

Next, plug the values into the equation:

The balance after 8 years will be $23,907.72

250

step-by-step explanation:

idk i would have to be there to under stand it

step-by-step explanation:

idk i would have to be there to under stand it