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OpenStudy (anonymous):
Bobbi saved $1,000 in the bank. She decided to leave it there for 5 years. Find the amount of money Bobbi will have in her account after 5 years if she chooses 6.9% interest compound annually.
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OpenStudy (anonymous):
\[1000 * (1 + 0.069)^{5}\]
OpenStudy (anonymous):
\[A(t) = A_0 \left( 1 + {r \over n} \right)^{nt} = 1000 \left( 1 + {0.069 \over 1} \right)^{5}\]
OpenStudy (anonymous):
1396.00999?
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