Anna invested $28,000 in an account paying an interest rate of 6.5% compounded daily. Assuming no deposits or withdrawals are

Question

Anna invested $28,000 in an account paying an interest rate of 6.5% compounded daily. Assuming no deposits or withdrawals are made, how long would it take, to the
nearest tenth of a year, for the value of the account to reach $39,500?

Kunduz · Accepted Answer

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