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Maslowich
2 years ago
14

Jon deposits $15,000 in an account that earns 6% interest, compounded annually. No other deposits are made to the account. After

10 years, Jon decides to use the investment to purchase a new home. The purchase requires a down payment of $21,500. What is the balance of Jon's account after withdrawing the down payment? (to the nearest dollar)
SAT
1 answer:
Rasek [7]2 years ago
4 0
15000+6%^10= 26862.71
26862.71-21500=5362.71
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