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6900 dollars is placed in an account with an annual interest rate of 8.25%. How
much will be in the account after 26 years, to the nearest
cent?

Respuesta :

$7,469.25 but I’m not 100% sure if that’s correct.

The account after 26 years is $54,197.

Given that,

  • 6900 dollars is placed in an account with an annual interest rate of 8.25%.
  • The time period is 26.

Based on the above information, the calculation is as follows:

[tex]= \$6,000 \times (1 + 0.0825)^{26}[/tex]

= $54,197

Therefore we can conclude that The account after 26 years is $54,197.

Learn more: brainly.com/question/17429689

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