you put $2012 into an account earning 4.345% interest compounded daily. find the amount in the account at the end of 8 years

Aganm asked Jan 11, 2023

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28 votes

Aganm asked Jan 11, 2023

by Aganm

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14 votes

y = P(1+(r/365))^365t

y = 2012(1+(0.0435/365))^365(8)

plug into calculator

answer: $2849.4

Sandeep Thar answered Jan 17, 2023

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