5) your grandparents put $1,000 into a saving account for you when you were born 30 years ago. this account has been earning interest at a compound rate of 7%. what is its value today?

Hello there

Actually, the correct answer is the 9

the first 0 is in the tenths spot, the 3 is in the hundredths, the second zero is in the thousandths, and the 9 is in the ten thousandths, while the 8 is in the hundred thousandths.

Therefore, the 9 is in the ten thousandths place

I hope this helped ^^