How much money will you have after 8 years if you invest $4300 at an interest rate of 2% compounded daily?

asked Sep 12, 2022 8.6k views

1 vote

4.2k points

Please log in or register to add a comment.

13 votes

Answer:

1.72 million

Explanation:

Use the given functions to set up and simplify 2%

2%=0.02

4300X8=34,400

34,400/0.02= 1.72 million

4.5k points

Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

4.5m questions

5.9m answers