Register

Use the compound interest formula to determine the final value of the given amount. $350 at 6% compounded daily for 20 years

Use the compound interest formula to determine the final value of the given amount. $350 at 6% compounded daily for 20 years
asked 220k views
19 votes
Use the compound interest formula to determine the final value of the given amount.

$350 at 6% compounded daily for 20 years

asked
User CCovey
by
8.6k points

2 Answers

8 votes

Answer:

$351.15 mb if its wrong

Explanation:

350(1+0.06/365)^20 = 351.1524...

= 351.15

answered
User Nicolass
by
7.5k points
8 votes

Answer:

Share your blessing because I have another question

answered
User Mindaugas Li
by
8.3k points
← Prev Question Next Question →

No related questions found

Ask a Question
Welcome to Qamnty — a place to ask, share, and grow together. Join our community and get real answers from real people.

Categories

Other Questions

What is .725 as a fraction
How do you estimate of 4 5/8 X 1/3
A bathtub is being filled with water. After 3 minutes 4/5 of the tub is full. Assuming the rate is constant, how much longer will it take to fill the tub?
Link Copied!