Mathematics, 23.03.2021 20:30 darianhaynes

A savings account earns 8% interest each year, compounded annually. If a person invests $100 and makes no further deposits or withdrawals, what is the balance in the account
after 5 years? Round your answer to the nearest cent.

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More questions: Mathematics Another questions

A savings account earns 8% interest each year, compounded annually. If a person invests $100 and makes no further deposits or withdrawals, what is the balance in the account after 5 years? Round your answer to the nearest cent.

Answers

Another question on Mathematics

A savings account earns 8% interest each year, compounded annually. If a person invests $100 and makes no further deposits or withdrawals, what is the balance in the account
after 5 years? Round your answer to the nearest cent.