6 if 500 is deposited in a savings account at the beginning of each ye
Question
6. If $500 is deposited in a savings account at the beginning of each year for 15 years and the account earns 7% interest compounded annually, what will be the balance on the account at the end of 15 years (F)? 5 Click the icon to view the interest factors for discrete compounding when i=7% per year. The balance on the account at the end of 15 years will be___- $(Round to the nearest dollar.)