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Asked by Brianni

Dolores Invest $8500 in a new savings account which owns 3.1% annual interest, compounded daily. What will be the value of her investment after three years?
6 years ago

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Answered by Reiny
i = .031/365 = ....
n = 365*3 = ...

sub into :
amount = 8500(1+i)^n
6 years ago
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Dolores Invest $8500 in a new savings account which owns 3.1% annual interest, compounded daily. What will be the value of her investment after three years?

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