image Eva opened a savings account with an initial deposit of $847.  They then deposit $847 into that savings account at the end of every subsequent year.  This savings account pays an annual interest rate of 2.9% and is compounded annually. How much will Eva have in their account after 5 years? Round your answer to the nearest penny.  Do not input the dollar sign.  Only input the number.  For example: 2,153.23

Algebra & Trigonometry with Analytic Geometry
13th Edition
ISBN:9781133382119
Author:Swokowski
Publisher:Swokowski
Chapter10: Sequences, Series, And Probability
Section10.5: The Binomial Theorem
Problem 15E
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In image Eva opened a savings account with an initial deposit of $847.  They then deposit $847 into that savings account at the end of every subsequent year.  This savings account pays an annual interest rate of 2.9% and is compounded annually. How much will Eva have in their account after 5 years?
Round your answer to the nearest penny.  Do not input the dollar sign.  Only input the number.  For example: 2,153.23

B(t) = P-
n-t
((₁ + - )***
+)
1
니ㄷ
1
Transcribed Image Text:B(t) = P- n-t ((₁ + - )*** +) 1 니ㄷ 1
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