Dusty won $$125\text{,}000$ on the Who Wants to be a Zillionaire? game show. He decides to place the money into an account that earns $6.25$% interest compounded annually and plans not to use any of it until he retires.

1. Write an equation that represents the amount of money Dusty will have in $n$ years.

   Hint (a):

   Review the Math Notes box in this Lesson 5.3.2 on multipliers.

   More Help (a):

   What is the multiplier you will use in the expression? Review problem 8-7 for help with the multiplier.

2. How much money will be in the account when he retires in $23$ years?

   Answer (b):

   $$504\text{,}052.30$ will be in the account.