Mathematics, 09.07.2020 05:01 liquinn99

Sandra plans to retire and can receive a lump sum of $26,376 from her pension provider. She decides to invest 23 of the lump sum for 8 years and use the rest for travelling.

Her bank account pays 4.99% compound interest per annum.

How much interest will Sandra receive from this investment after 8 years?

Round your answer to the nearest thousand dollars.

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Sandra plans to retire and can receive a lump sum of $26,376 from her pension provider. She decides...