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At 20 years of age, you inherit $20,000. You find an investment that returns 8%. It is compounded daily. How much do you have in your account, to the nearest cent, at 30 years o…

At 20 years of age, you inherit $20,000. You find an investment that returns 8%. It is compounded daily. How much do you have in your account, to the nearest cent, at 30 years o…
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23 votes
At 20 years of age, you inherit $20,000. You find an investment that returns 8%. It is

compounded daily. How much do you have in your account, to the nearest cent, at 30 years
old?

asked
User Emmanuel Njorodongo
by
8.6k points

1 Answer

7 votes

Answer:

I am pretty sure it is $44,507 but not sure

Explanation:

answered
User Poonam More
by
8.6k points
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