$$ \begin{array}{c} ext { Shannon invests money in a bank } \ ext { account which gathers compound } \ ext { interest each year. }\end{array} $$ After 5 years there is $$ \$ 673.40 $$ in the account. After 8 years there is $$ \$ 737.99 $$ in the account.

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$$ \begin{array}{c}	ext { Shannon invests money in a bank } \ 	ext { account which gathers compound } \ 	ext { interest each year. }\end{array} $$ After 5 years there is $$ \$ 673.40 $$ in the account. After 8 years there is $$ \$ 737.99 $$ in the account.

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The initial investment is approximately \$579.00, and the annual interest rate is approximately 3.1%.

\( \begin{array}{c}\text { Shannon invests money in a bank } \\ \text { account which gathers compound } \\ \text { interest each year. }\end{array} \) After 5 years there is \( \$ 673.40 \) in the account. After 8 years there is \( \$ 737.99 \) in the account.

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\( \begin{array}{c}\text { Shannon invests money in a bank } \\ \text { account which gathers compound } \\ \text { interest each year. }\end{array} \) After 5 years there is \( \$ 673.40 \) in the account. After 8 years there is \( \$ 737.99 \) in the account.

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