Asked by Cliff
To save for a child's education,the petersen's deposited $2500 into an account that pays 6% annual interest compounded daily. Find the amount of interest earned on this account over a 20-year period.
Answers
Answered by
Steve
2500*((1+.06/365)^(20*365) - 1)
Unless you count leap years.
Unless you count leap years.
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