Solve the problem. Round to the nearest cent.Stan’s savings account has a balance of $1986. After 23 years, what will the amount of interest be at 4% compounded annually?a.$2908.93c.$2913.93b.$2899.93d.$794.40
Question
Answer:
1986*1.04^(23) = 4894.93 4894.93-1986 = 2908.93 Answer is A