Mathematics, 29.10.2020 17:40, 122333444469
The principal represents an amount of money deposited in a savings account subject to compound interest at the given rate.
Principle $ 20,000 Rate 5.5% Compounded Daily Time 16 years
Required:
a. Find how much money there will be in the account after the given number of years. (Assume 360 days in a year.)
b. Find the interest earned.
Answers: 2
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The principal represents an amount of money deposited in a savings account subject to compound inter...
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