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Assume Bill Jones invested $ 1,481.95 into an account exactly one year ago. The account has an interest rate of 9.4 % p.a. How much
Assume Bill Jones invested $ 1,481.95 into an account exactly one year ago. The account has an interest rate of 9.4 % p.a. How much does Bill have in his account today (that is, exactly one year after the initial deposit)? (Round your answer to the nearest cent and record your answer without a dollar sign and without commas. For example, record $1,356.8382 as 1356.84).
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