Dominic invested $8,600 in an account paying an interest rate of 2.2% compounded daily. Assuming no deposits or withdrawals are

Question

Dominic invested $8,600 in an account paying an interest rate of 2.2% compounded daily. Assuming no deposits or withdrawals are made, how long would it take, to the nearest year, for the value of the account to reach $9,600?

Kunduz · Accepted Answer

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