Anna placed 8317 in a savings account today that has an, Finance Basics

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Anna placed 8317 in a savings account today that has an

Qusetion: Anna placed $8,317 in a savings account today that has an annual interest rate of 11 percent, compounded annually. How much will Anna have in this account at the end of 38 years? Assume that all interest received at the end of the year is reinvested the next year.

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