8300 dollars is placed in an account with an annual interest rate of 6.5%. How much will be in the account after 14 years , to the nearest cent?
Added by Stephen K.
Step 1
The principal amount (P) is $8300, the annual interest rate (r) is 6.5% or 0.065 when converted to a decimal, and the time (t) is 14 years. Show more…
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