Register

2. Maya Nakai deposited $3,250 at 5.5% interest compounded daily for 120 days.

2. Maya Nakai deposited $3,250 at 5.5% interest compounded daily for 120 days.
asked 41.5k views
4 votes
2. Maya Nakai deposited $3,250 at 5.5% interest compounded daily for 120 days.

asked
User Dvlpr
by
8.0k points

1 Answer

4 votes

Answer:

$2005296.14

Explanation:

(3250)(1+.055)^120=2005296.1362 rounded to the nearest penny =$2005296.14

answered
User Aashay Amballi
by
7.8k points
← Prev Question Next Question →

Related questions

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!