Cynthia Reynolds deposited $22,000 in an account paying interest of 4% compounded annually. Click here to view the factor table. What amount will be in the account at the end of 4 years? (For calculation purposes, use 5 decimal places as displayed in the foctor table provided. Round answer to 2 decimal places, es 52.75) Amount

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Cynthia Reynolds deposited $22,000 in an account paying interest of 4% compounded annually.
Click here to view the factor table.
What amount will be in the account at the end of 4 years? (For calculation purposes, use 5 decimal places as displayed in the factor table
provided. Round answer to 2 decimal places, es. 52.75)
Amount
Transcribed Image Text:Cynthia Reynolds deposited $22,000 in an account paying interest of 4% compounded annually. Click here to view the factor table. What amount will be in the account at the end of 4 years? (For calculation purposes, use 5 decimal places as displayed in the factor table provided. Round answer to 2 decimal places, es. 52.75) Amount
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