SOLUTION: Jack won 1,250,000 playing the lottery an put half of the money into a savings account that yields 3.7% annual interest compound daily.what will be his balance after 5 years?
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Question 916250: Jack won 1,250,000 playing the lottery an put half of the money into a savings account that yields 3.7% annual interest compound daily.what will be his balance after 5 years? Answer by ewatrrr(24785) (Show Source):
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A = Accumulated Amount
P= principal =
r= annual rate = .
n= periods per year = 365
t= years =
