Mathematics, 12.03.2021 21:50 22justinmcminn

Sarah invested $53,000 in an account paying an interest rate of 4.5% compounded daily. Assuming no deposits or withdrawals are made, how long would it take, to the
nearest tenth of a year, for the value of the account to reach $77,700?

Answers: 2

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Sarah invested $53,000 in an account paying an interest rate of 4.5% compounded daily. Assuming no deposits or withdrawals are made, how long would it take, to the nearest tenth of a year, for the value of the account to reach $77,700?

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Other questions on the subject: Mathematics

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Sarah invested $53,000 in an account paying an interest rate of 4.5% compounded daily. Assuming no deposits or withdrawals are made, how long would it take, to the
nearest tenth of a year, for the value of the account to reach $77,700?