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4 March, 15:06

Suppose your friends parents invest $10,000 in an account paying 7% compounded annually. what will the balance be after 8 years?

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Answers (2)
  1. 4 March, 18:43
    0
    17,181.86

    Step-by-step explanation:

    Just keep multiplying each answer by 1.07 till you reach 8 years.
  2. 4 March, 18:46
    0
    7,000

    Step-by-step explanation:

    10,000 x. 7 = 7,000
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