Register
At 20 years of age, you inherit $20,000. You find an investment that returns 8%. It is compounded daily. How much do you have in your account, to the nearest cent, at 30 years old?
22.7k views
23 votes
At 20 years of age, you inherit $20,000. You find an investment that returns 8%. It is

compounded daily. How much do you have in your account, to the nearest cent, at 30 years
old?

User Emmanuel Njorodongo
by
7.0k points

1 Answer

7 votes

Answer:

I am pretty sure it is $44,507 but not sure

Explanation:

User Poonam More
by
6.8k points
Ask a Question
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

7.5m questions

10.0m answers

Other Questions

How do you estimate of 4 5/8 X 1/3
Write words to match the expression. 24- ( 6+3)
Please solve the following equation. x-6x=56
whats the most accurate estimation of 65+77
Find the additive inverse of 18/23
Link Copied!