Levi invested $5,300 in an account paying an interest rate of 2.4% compounded daily. Assuming no deposits or withdrawals are made, how much money, to the nearest cent, would be in the account after 6 years?
Levi invested $5,300 in an account paying an interest rate of 2.4% compounded daily. Assuming no deposits or withdrawals are made, how much money, to the nearest cent, would be in the account after 6 years?
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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Round to nearest cent
Transcribed Image Text:Levi invested $5,300 in an account
paying an interest rate of 2.4%
compounded daily. Assuming no
deposits or withdrawals are made, how
much money, to the nearest cent, would
be in the account after 6 years?
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