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Suppose your friend's parents invest $15,000 in an account paying 5% compounded annually. What will the balance be after 9 years?

Suppose your friend's parents invest $15,000 in an account paying 5% compounded annually. What will the balance be after 9 years?
asked 114k views
3 votes
Suppose your friend's parents invest $15,000 in an account paying 5% compounded annually. What will the balance be after 9 years?

asked
User Mcmwhfy
by
7.4k points

1 Answer

7 votes

Answer:

23,269.92

Explanation:

I use a calculator

answered
User Cpx
by
9.1k points
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