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Mathematics
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Suppose that 7000 is placed in an account that pays 18% interest compounded each year. Assume that no withdrawals are made from the account. Follow the instructions below. Do not do any rounding. Find the amount in the account after 1 year 8260.00 find the amount in the account after 2 years 9746.80 Did I do this right?
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looks like it to me
Yes, I'd say both totals are correct. Here's a good compound interest calculator for you to check your work: http://www.1728.org/compint.htm (I used it to check your calculations).
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