4400 dollars is placed in an account with an annual interest rate of 8.25%.how much will be in the account after 22 years, to the nearest cent?

Answer:Future Value = $2,516,900 centStep-by-step explanation:Here, we're to calculate future values;Given the following parametersInvestment = $4,400Interest Rate = 8.25%Time = 22 yearsAmount = ?Future Value is calculated using the following formula;.Future Value = Investment * (1 + Interest Rate)^timeSubstitute each value;Future Value = $4,400 * ( 1 + 8.25%)^22Future Value = $4,400 * (1 + 0.0825)^22Future Value = $25169.036295801178201749433678664198539199704088854443412123828238691203296184539794921875Future Value = $25169 --- ApproximatedConvert to CentFuture value = $25,169 * 100 cent/$Future Value = $2,516,900 centHence, $2,516,900 cent will be in the account after 22 years