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If $20,000 is invested at 7% for 15 years, find the future value if the interest is compounded daily(365 days)

If $20,000 is invested at 7% for 15 years, find the future value if the interest is compounded daily(365 days)
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4 votes
If $20,000 is invested at 7% for 15 years, find the future value if the interest is compounded daily(365 days)

asked
User Jcolebrand
by
8.1k points

1 Answer

6 votes
The compound interest after 15 years is

$36,978.97
answered
User Matt Flowers
by
8.2k points
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