&=1.01^{240}1.01 {240} \ approximate 10.8926 is calculated by a calculator.\end{align*}
&=1.01^{240}\begin{align*}Step 1: Review the formula of compound interest final value.
1.01 {240} \ approximate 10.8926 is calculated by a calculator.
Strategy guide 12-13
Strategy guide 12-13
Strategy guide 12-13
Strategy guide 12-13
Strategy guide
12-13
Strategy guide
12-13
Strategy guide
12-13