SOLUTION: Find the amount of compound interest earned in an account that opens with $27,000, earns 2.5% interest compounded daily, and is held for 5 years. Assume 360 days in a year
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Question 604494: Find the amount of compound interest earned in an account that opens with $27,000, earns 2.5% interest compounded daily, and is held for 5 years. Assume 360 days in a year
Answer by solver91311(24713) (Show Source): You can put this solution on YOUR website!
^{360\,\cdot\,5})
Just do the arithmetic.
John
My calculator said it, I believe it, that settles it
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