60.6k views
1 vote
Diane receives $20,000 from her Uncle Al when he dies. She deposits it into an account with

investments that earn 11% a year, compounded daily. She plans to use the money in 5 years
towards the down payment on a house. How much money should she expect in the account at
the end of the 5 years?

User Clarius
by
3.8k points

1 Answer

7 votes
34662.18813 hope i helped <3
User Lorenzo Ang
by
4.0k points