The amount that would be in the account after 14 years will be $20,043.46.
What is the amount in the account in 14 years?
The formula for calculating future value:
FV = P (1 + r) nm
Where:
- FV = Future value
- P = Present value
- R = interest rate
- m = number of compounding
- N = number of years
8300(1.065)^14 = $20,043.46
To learn more about future value, please check: https://brainly.com/question/18760477
