Register
You deposit $2000 in a savings account that earns 7% interest compounded daily. What is the balance after 7 years?
232k views
7 votes
You deposit $2000 in a savings account that earns 7% interest

compounded daily.
What is the balance after 7 years?

User El Yobo
by
7.2k points

1 Answer

10 votes

Answer:

Around $18,000.

Explanation:

User Krulik
by
7.2k points
Ask a Question
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

7.1m questions

9.5m answers

Other Questions

How do you estimate of 4 5/8 X 1/3
Please solve the following equation. x-6x=56
whats the most accurate estimation of 65+77
Find the additive inverse of 18/23
What is 25% of 500.00
Link Copied!