Please assist. $5,074 is placed in a savings account today that earns an annual interest rate 15 percent compounded annually. | Cheap Nursing Papers
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Please assist. $5,074 is placed in a savings account today that earns an annual interest rate 15 percent compounded annually.

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I need help answering this question. Please assist.

$5,074 is placed in a savings account today that earns an annual interest rate 15 percent compounded annually. How much will be in this account after 14 years assuming that all interest received at the end of the year is reinvested next year.

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