Suppose....

[Chance1234]

that $20,000 is invested at 8% interest. Find the amount of money in the account after 4 years if the interest is compounded annually.

Round to the nearest cent.

Thank you!

 

[Denis]

that $20,000 is invested at 8% interest. Find the amount of money in the account after 4 years if the interest is compounded annually.

F = A(1 + i)^n = 20000(1.08)^4
If you don't know what that means, I wonder why you were asked that question.