On the day their child was born, her parents deposited $15,000 in a savings account that earns 10% interest annually. how much is in the account the day the child turns 16 years old (rounded to the nearest cent)? hint: an = a1(1 + r)n, r ≠ 1, where a1 is the initial amount deposited and r is the common ratio or interest rate. $68,924.59 $70,031.50 $264,000.00 $62,658.72