Levi invested $630 in an account paying an interest rate of 4.6% compounded daily. Assuming no depos

Discussion in 'Calculator Requests' started by math_celebrity, Nov 19, 2017.

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  1. math_celebrity

    math_celebrity Administrator Staff Member

    Levi invested $630 in an account paying an interest rate of 4.6% compounded daily. Assuming no deposits or withdrawals are made, how long would it take, to the nearest year, for the value of the account to reach $970?

    3,425 days, per the balance calculator.
     
    math_celebrity, Nov 19, 2017
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