A principal of $40,000 will be invested in an account. Bank A has a 5.5% annual interest rate compounded daily. Find the amount in the account after 20 years. Show the equation used for each calculation.

$116800

Step-by-step explanation:

Step one:

given

principal= $40,000

rate= 5.5%

time = 20 years

Step two:

the final amount is expressed as

substitute

$116800

a

step-by-step explanation:

answer 1 : option "c"

answer 2 : option "d"

answer 3 : option "b"

answer 4 : option "d"

answer 5 : option "b"

answer 6 : option "a"

answer 7 : option "c"

answer 8 : option "d"

answer 9 : option "c"

answer 10 : option "d"

answer 11 : option "c"

answer 12 option "b"

answer 13 option "c"

answer 14 option "c"

answer 15 option "d"

answer 16 option "a"

answer 17 option "b"

answer 18 option "c"

answer 19 option "a"

answer 20 option "a"

answer 21 option "c"

d