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Dolores invests $8700 in a new savings account which earns 4.1 % annual interest, compounded daily. What will be the value of her investment after 8 years? Round to the nearest cent.
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Dolores invests $8700 in a new savings account which earns 4.1 % annual interest, compounded daily. What will be the value of her investment after 8 years? Round

to the nearest cent.

User Ronen Botzer
by
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1 Answer

3 votes

Answer:

$2853.60

Explanation:

4.1 percent of 8700 is 356.7 multiply it by the 8 years and you get 2853.60

User Max Makhrov
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3.2k points
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