Zane puts $1,000.00 into an account to use for school expenses. The account earns 11% interest, compounded annually. How much will be in the account after 4 years? Use the formula A= P (1+/), where A is the 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.

$1518.07

Step-by-step explanation:

A = 1000(1 + 0.11)^4

step-by-step explanation:

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