Zoey invested $230 in an account paying an interest rate of 6.3% compounded daily. Assuming no depos

Discussion in 'Calculator Requests' started by math_celebrity, May 17, 2021.

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  1. math_celebrity

    math_celebrity Administrator Staff Member

    Zoey invested $230 in an account paying an interest rate of 6.3% compounded daily. Assuming no deposits or withdrawals are made, how much money, to the nearest hundred dollars, would be in the account after 12 years?

    Using our compound interest calculator with 12*365 = 4380 for days, we have a balance of:
    $489.81
     
    math_celebrity, May 17, 2021
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