Use the compound interest formula to determine the final value of the given amount. $350 at 6% compounded daily for 20 years

asked Mar 22, 2023 220k views

19 votes

Use the compound interest formula to determine the final value of the given amount.

$350 at 6% compounded daily for 20 years

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8 votes

Answer:

$351.15 mb if its wrong

Explanation:

350(1+0.06/365)^20 = 351.1524...

= 351.15

Nicolass answered Mar 23, 2023

4.5k points

8 votes

Answer:

Share your blessing because I have another question

Mindaugas Li answered Mar 27, 2023

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