Mathematics, 31.07.2019 08:30 gymnastjazzyjov0euc
On the day their child was born, her parents deposited $25,000 in a savings account that earns 12% 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. $136,839.14 $153,259.84 $85,613.50 $448,000.00
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