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Brianna invested $25,000 in an account paying an interest rate of 3.6% compounded daily. Assuming no deposits or withdrawals are made, how much money, to the nearest cent, would be in the account after 18 years? |
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Answer» Answer: 5,913,000 Step-by-step EXPLANATION: -brianna GOT= 25,000 = 3.6% a DAY, or 0.036 -365 days= 1 YEAR - 365.18= 6,570= 6,570.036 - 6,570.036= 263.52 - 25,000 ÷ 236.52= 5,913,000 |
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