Brianna invested $25,000 in an account paying an interest rate of 3.6% compounded daily. Assuming no deposits or withdrawals are made, how much money, to the nearest cent, would be in the account after 18 years?
Answers
Answered by
2
Answer:
5,913,000
Step-by-step explanation:
-brianna got= 25,000 = 3.6% a day, or 0.036
-365 days= 1 year
- 365.18= 6,570= 6,570.036
- 6,570.036= 263.52
- 25,000 ÷ 236.52= 5,913,000
Similar questions