Question:

Dominic invested $8,600 in an account paying an interest

Last updated: 8/14/2022

Dominic invested $8,600 in an account paying an interest

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?