Question: Use the compound interest formula to compute the total amount accumulated and the interest earned. $9000 for 2 years at 4% compounded daily (use n=360)
Use the compound interest formula to compute the total amount accumulated and the interest earned.
$9000 for 2 years at 4% compounded daily (use n=360)
The total amount accumulated after 2 years is $
The amount of interest earned is $
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To solve this problem well use the compound interest formula A P left1 fracrn ightnt Where A is the ... View full answer
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