AMOUNT PER $1.00 INVESTED AT 6% COMPOUNDED DAILY DayAmount Day Amount Day Amount 10 1.0016570 1.011571301.02160 20 1.0032980 1.013231401.02328 30 1.0049490 1.014901501.02496 40 1.006601001.016571601.02665 50 1.008251101.018251701.02834 60 1.009911201.019921801.03002 You opened a savings account with a deposit of $700 at 6% interest compounded daily. What was the amount in the account after 20 days if you made no other deposits or withdrawals?
AMOUNT PER $1.00 INVESTED AT 6% COMPOUNDED DAILY DayAmount Day Amount Day Amount 10 1.0016570 1.011571301.02160 20 1.0032980 1.013231401.02328 30 1.0049490 1.014901501.02496 40 1.006601001.016571601.02665 50 1.008251101.018251701.02834 60 1.009911201.019921801.03002 You opened a savings account with a deposit of $700 at 6% interest compounded daily. What was the amount in the account after 20 days if you made no other deposits or withdrawals?
Chapter12: Sequences, Series And Binomial Theorem
Section12.3: Geometric Sequences And Series
Problem 12.59TI: New grandparents decide to invest 3200 per month in an annuity for their grandson, The account will...
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![AMOUNT PER $1.00 INVESTED AT 6%
COMPOUNDED DAILY
DayAmount Day Amount Day Amount
10 1.0016570 1.011571301.02160
20 1.0032980 1.013231401.02328
30 1.0049490 1.014901501.02496
40 1.006601001.016571601.02665
50 1.008251101.018251701.02834
60 1.009911201.019921801.03002
You opened a savings account with a deposit of $700 at 6% interest compounded daily. What was
the amount in the account after 20 days if you made no other deposits or withdrawals?](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F2df48705-4238-4207-b57b-19ed7b40517e%2F973907b3-8187-4db2-80a5-dd9282d43548%2Fsu27ge_processed.jpeg&w=3840&q=75)
Transcribed Image Text:AMOUNT PER $1.00 INVESTED AT 6%
COMPOUNDED DAILY
DayAmount Day Amount Day Amount
10 1.0016570 1.011571301.02160
20 1.0032980 1.013231401.02328
30 1.0049490 1.014901501.02496
40 1.006601001.016571601.02665
50 1.008251101.018251701.02834
60 1.009911201.019921801.03002
You opened a savings account with a deposit of $700 at 6% interest compounded daily. What was
the amount in the account after 20 days if you made no other deposits or withdrawals?
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