Asked by Eliana

Dana invests $8,000 into her son college fund when he is born. The college fund earns 3% interest and is compounded daily. What will the value of his account be if he takes the money out at 18 to go to college? Please write answer rounding to 2 decimal places.
Answered by Steve
8000(1+.03/365)^(365*18) = ?
There are no AI answers yet. The ability to request AI answers is coming soon!