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Joshua invested $97,000 in an account paying an interest rate of 6% compounded daily. Assuming no deposits or withdrawals are made, how much money, to the nearest cent, would be…

Joshua invested $97,000 in an account paying an interest rate of 6% compounded daily. Assuming no deposits or withdrawals are made, how much money, to the nearest cent, would be…
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3 votes
Joshua invested $97,000 in an account paying an interest rate of 6% compounded

daily. Assuming no deposits or withdrawals are made, how much money, to the
nearest cent, would be in the account after 8 years?

asked
User Vsevolod Golovanov
by
7.1k points

2 Answers

4 votes
Answer:- $154,763.5

answered
User Jacek Blaszczynski
by
8.7k points
7 votes

Answer:

answer is 156753.03

Explanation:

answered
User Makeiteasy
by
8.6k points
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