You place 425 in a savings account today that earns an, Financial Management

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You place 425 in a savings account today that earns an

You place $425 in a savings account today that earns an annual interest rate of 7 percent compounded annually. How much will you 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. Round the answer to two decimal places.

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