gabbylinton1113
17.12.2020 •
Mathematics
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.
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Ответ:
$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
Ответ:
280 f^2 t^2
Explain