Mathematics, 19.02.2021 18:50, derricuswhite

Juanita goes to a bank and opens a new account. She deposits $7,500.
The bank pays 1.2% interest compounded annually on this account.
Laura makes no additional deposits or withdrawals.
Which amount is the closest to the account balance at the end of 5 years?

$7,950.00

$7,960.00

$7,960.93

$7,970.93

Answers: 2

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Juanita goes to a bank and opens a new account. She deposits $7,500.
The bank pays 1.2% inter...