Mark wants to invest $6,500.00 at an interest rate of 7.5% per year, compound daily....
50.1K
Verified Solution
Link Copied!
Question
Basic Math
Mark wants to invest $6,500.00 at an interest rate of 7.5% per year, compound daily. How long will it take his investment to grow to $8,000?Use: A (t) = P(1+) 1.5 years2 years2.7 years1.3 years
Answer & Explanation
Solved by verified expert
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
Unlimited Question Access with detailed Answers
Zin AI - 3 Million Words
10 Dall-E 3 Images
20 Plot Generations
Conversation with Dialogue Memory
No Ads, Ever!
Access to Our Best AI Platform: Zin AI - Your personal assistant for all your inquiries!