SOLUTION: How much money will there be in the account after the given number of years for the following
P=$25,OOO, R=5.5% COMPOUNDED DAILY t=20 years
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Question 316659: How much money will there be in the account after the given number of years for the following
P=$25,OOO, R=5.5% COMPOUNDED DAILY t=20 years
Answer by checkley77(12844) (Show Source): You can put this solution on YOUR website!
25,000(1+.055/365)^20*365
25,000(1+.00015)^7,300
25,000(1.00015)^7,300
25,000*2.9889=$74,723.43 ans.
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