cecora91 cecora91

02-06-2022
Mathematics

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you put $2012 into an account earning 4.345% interest compounded daily. find the amount in the account at the end of 8 years

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julyyrain24 julyyrain24

02-06-2022

y = P(1+(r/365))^365t

y = 2012(1+(0.0435/365))^365(8)

plug into calculator

answer: $2849.4

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