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Volgvan
3 years ago
14

How much more does $1,000 earn in eight years, compounded daily at 3%, than $1,000 over eight years at 3%, compounded semiannual

ly?
Mathematics
1 answer:
bekas [8.4K]3 years ago
3 0

Answer:

Step-by-step explanation:

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An initial amount of $40,000 increases by 8% per year. In how many years will the amount reach $60,000?​
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