Suppose your friend's parents invest $25,000 in an account paying 5% compounded annually. What will the balance be after 8 years?

so im pretty sure the answer would be 17,237

Step-by-step explanation:

A = P (1 + i) n where A is the total amount after n years at a compound interest rate of i.

A = 25,000 * (1 + 0.06) 9 = 25,000 * 1.69 = $42,237

Therefore total amount accruing = $42,237; and the compounded interest after 9 years = 42,237 - 25,000 = $17,237