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I 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 …

I 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 …
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3 votes
I

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 Mleafer
by
8.1k points

1 Answer

5 votes

Answer:

A≈156753.03

Explanation:

User Mstrap
by
8.2k points
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