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11-03-2021
Mathematics

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How much money will you have after 8 years if you invest $4300 at an interest rate of 2% compounded daily?

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11-03-2021

Answer:

1.72 million

Step-by-step explanation:

Use the given functions to set up and simplify 2%

2%=0.02

4300X8=34,400

34,400/0.02= 1.72 million

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