Answer:
the account balance after 17 years is $27,981.02
Step-by-step explanation:
Given that
The deposited amount i.e. $9,000
The Rate of interest is 6.9%
Time period = 17 years
We need to find out the account balance after 17 years
As we know that
Future value = Present value × (1 + rate of interest)^time period
= $9,000 × (1 + 6.9%)^17
= $27,981.02
Hence, the account balance after 17 years is $27,981.02