How much you have in the account at end of seventeen years, Finance Basics

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How much you have in the account at end of seventeen years

Problem

Using a financial or excel calculator. You placed $5,975 in a savings account today that earns an annual interest rate of 15 percent compounded annually. How much you will have in this account at the end of 17 years? Assume that all interest received at the end of the year is reinvested the next year.

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