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You deposit $2000 in a savings account that earns 7% interest compounded daily. What is the balance after 7 years?
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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
3.5k points

1 Answer

10 votes

Answer:

Around $18,000.

Explanation:

User Krulik
by
4.1k points
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