If $8,000 is invested at 6.5% for 7 years, find the future value if the interest is compounded daily. Use a 365 day year. A) $12,600.09 B $12,608.88 C) $12,609.08 D $12,604.73 E $12,607.83
If $8,000 is invested at 6.5% for 7 years, find the future value if the interest is compounded daily. Use a 365 day year. A) $12,600.09 B $12,608.88 C) $12,609.08 D $12,604.73 E $12,607.83
College Algebra
7th Edition
ISBN:9781305115545
Author:James Stewart, Lothar Redlin, Saleem Watson
Publisher:James Stewart, Lothar Redlin, Saleem Watson
Chapter8: Sequences And Series
Section8.4: Mathematics Of Finance
Problem 26E
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