Answer:
The answer is $20,043.46 cent
Step-by-step explanation:
From the question stated, let recall our values
8300 Dollars is placed in an account
The interest rate is = 6.5%
Now, let us solve for the amount that will be in the account after 14 years.
Thus,
A =8300(1+0.065)^14
A=8300 (1.065)^14
A = 20,043.46
The amount that will be in the account after 14 years is 20,043.46
