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1. Josiah Sloan deposited $8,000 at 5.5% interest compounded daily for 25 days.

1. Josiah Sloan deposited $8,000 at 5.5% interest compounded daily for 25 days.
asked 186k views
5 votes
1. Josiah Sloan deposited $8,000 at 5.5% interest compounded daily for 25 days.

asked
User Wayland Smith
by
9.0k points

1 Answer

2 votes

Answer:

$30507.14

Explanation:

(8000)(1+.055)^25= 30507.138789 rounded to the nearest penny = $30507.14

answered
User Jeroen Van Der Laan
by
7.4k points
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