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)
1 answer:
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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