Fedor invests $3300 in an account earning 2% interest, compounded annually. The equation that represents this scenario is:
A (n) = 3300 (1 + 0.02) 11
How much will he have in the account in year 8? Round your answer to the
nearest dollar.
a. $ 3791
b. $ 11,824
c. $ 3866
d. $ 23,562
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