Mathematics, 24.05.2021 07:00, marshaehayes9444

Tanvi opened a savings account and deposited $400.00 as principal. The account earns 13% interest, compounded annually. What is the balance after 7 years?
p(1+)",
Use the formula A = P 1 + where A is the balance (final amount), P is the principal
(starting amount), r is the interest rate expressed
as a decimal, n is the number of times per
year that the interest is compounded, and t is the time in years.
Round your answer to the nearest cent.

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Tanvi opened a savings account and deposited $400.00 as principal. The account earns 13% interest,...