A deposit of $20,000 is placed in a scholarship fund that earns an annual interest rate of 3.25% compounded daily. Find the value (in dollars) of the account after 4 years. (Assume all years have 365 days. Round your answer to the nearest cent.)
A deposit of $20,000 is placed in a scholarship fund that earns an annual interest rate of 3.25% compounded daily. Find the value (in dollars) of the account after 4 years. (Assume all years have 365 days. Round your answer to the nearest cent.)
Chapter9: Sequences, Probability And Counting Theory
Section9.4: Series And Their Notations
Problem 56SE: To get the best loan rates available, the Riches want to save enough money to place 20% down on a...
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A deposit of $20,000 is placed in a scholarship fund that earns an annual interest rate of 3.25% compounded daily. Find the value (in dollars) of the account after 4 years. (Assume all years have 365 days. Round your answer to the nearest cent.)
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