Mathematics, 14.10.2021 22:30 barry14201
(Section 5.7)
21. Matt Li deposited $25,000 in a savings account. The account earns 5.5 percent interest
compounded daily. Use the chart "Amount of $1.00 at 5.5 Percent Compounded Daily' (365-Day
year) on page 796 to help find the amount.
What amount will he have in his account 28 days later? (2 points)
8.70
a
1
b. How much will be compound interest? (2 points)
Answers: 3
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(Section 5.7)
21. Matt Li deposited $25,000 in a savings account. The account earns 5.5 percent in...
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