An investment of $2,400 earns interest at the rate of 2.8% and is compounded daily. What is the accumulated value of the investment at the end of 6 years?

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Rekildo asked Jun 3, 2023

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An investment of $2,400 earns interest at the rate of 2.8% and is compounded daily. What is the accumulated value of the investment at the end of 6 years?

Mathematics
high-school

Rekildo asked Jun 3, 2023

by Rekildo

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The answer is 2839.02

An investment of $2,400 earns interest at the rate of 2.8% and is compounded daily-example-1

Floriank answered Jun 8, 2023

by Floriank

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