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?

Intermediate Algebra

19th Edition

ISBN:9780998625720

Author:Lynn Marecek

Publisher:Lynn Marecek

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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