AMOUNT PER $1.00 INVESTED AT 6%COMPOUNDED DAILYDayAmount Day Amount Day Amount10 1.0016570 1.011571301.0216020 1.0032980 1.013231401.0232830 1.0049490 1.014901501.0249640 1.006601001.016571601.0266550 1.008251101.018251701.0283460 1.009911201.019921801.03002You opened a savings account with a deposit of $700 at 6% interest compounded daily. What wasthe amount in the account after 20 days if you made no other deposits or withdrawals?

$ 702.303Explanation:Amount Invested = $ 700 Rate of interest is 6 percent . The factors for the…

Answered: AMOUNT PER $1.00 INVESTED AT 6%…

Elementary Geometry For College Students, 7e

7th Edition

ISBN:9781337614085

Author:Alexander, Daniel C.; Koeberlein, Geralyn M.

Publisher:Alexander, Daniel C.; Koeberlein, Geralyn M.

ChapterP: Preliminary Concepts

SectionP.CT: Test

Problem 1CT

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