Question:

A person has $1,587 in your bank account that is paying an

Last updated: 8/4/2022

A person has $1,587 in your bank account that is paying an

A person has $1,587 in your bank account that is paying an interest rate of 1.6% (0.016) per year. How much money will the person have in the account in 7 years?(Note: r= 1.016) (Round to the nearest cent as needed.)