Henry puts $500.00 into an account to use for school expenses. The account earns 4% interest, compounded annually. How much will be in the account after 8. years? nt Use the formula A = P 1 + , where A is the n balance (final amount), P is the principal (starting amount), r is the interest rate expressed as a decimal, n is the number of times per year that the interest is compounded, and t is the time in years. Round $ your answer to the nearest cent. Submit
