Question: You will need $ 1 5 , 0 0 0 in 3 years for graduate studies. You can invest in an account that earns you

You will need $15,000 in 3 years for graduate studies. You can invest in an account that earns you 6% per year compounded daily.
a) How much money will you have to invest today in order to reach your goal in 3 years?
b) How much compound interest would you earn?
c) How much simple interest would you earn?
d) How much interest on interest would you earn?

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