Suppose $7000 is invested at an annual interest rate of 4% compounded daily for 3 yr. What is the accumulated amount in the

Question

Suppose $7000 is invested at an annual interest rate of 4% compounded daily for 3 yr. What is the accumulated amount in the account at the end of the 3 yr? (Assume there are 365 days in a year. Round to two decimals.)

Kunduz · Accepted Answer

Click to see the answer