Suppose your friend's parents invest $25,000 in an account paying 5% compounded annually. what will the balance be after 8 years?

so im pretty sure the answer would be 17,237

Step-by-step explanation:

A = P(1 + i)n   where A is the total amount after n years at a compound interest rate of i.

A = 25,000*(1 + 0.06)9    = 25,000 * 1.69 = $42,237

Therefore total amount accruing =  $42,237 ;and the compounded interest after 9 years = 42,237 - 25,000 = $17,237

step-by-step explanation:

you can add the two numbers and divide the result by 2. or you can find the gap between the two numbers and add half of this to the smaller number.

dont know

step-by-step explanation: