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Joshua invested $97,000 in an account paying an interest rate of 6% compounded daily. Assuming no deposits or withdrawals are made, how much money, to the nearest cent, would be in the account after 8
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26 votes
26 votes
Joshua invested $97,000 in an account paying an interest rate of 6% compounded

daily. Assuming no deposits or withdrawals are made, how much money, to the
nearest cent, would be in the account after 8 years?

User Lucas Siqueira
by
2.9k points

2 Answers

25 votes
25 votes
Answer:- $154,763.5

User Cynthia Simiyu
by
2.4k points
15 votes
15 votes

Answer:

answer is 156753.03

Explanation:

User Yashwanth Kata
by
2.7k points
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