sycuantribe sycuantribe

Today at 10:41 AM
Mathematics

Answered

If $1.00 at 5.5% interest compounded daily has a value of $1.00513 after 34 days, how much interest would Bonnie’s account have earned on $4,000 after 34 days? (8 points)

Answer :

mathstudent55 mathstudent55

Today at 10:46 AM

Answer:

$4020.52

Step-by-step explanation:

The future value is the principal multiplied by the amount $1.00 is worth in the future.

$4,000 × 1.00513 = $4020.52

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