Question

1. Kimi Skuban deposits $2,000 at the beginning of each year into an Individual Retirement Account at
Boise Bank. The account pays 7% compounded annually. How much will be in the account in 25 years?

Answer 1

Answer:

53500

Step-by-step explanation:

if we take 2,000 and multiply it by 0.07 the resulting percentage equates to 140, or $140, add 140 to 2,000 and multiply by 25 will yield 53500