QUESTION 4. A rich guy puts $1,000,000 into a bank account that pays 7.3% annual interest, compounded daily (365 days), and he leaves the money in for 3 years. How much money is in his account at the end of the 3 years?
QUESTION 4. A rich guy puts $1,000,000 into a bank account that pays 7.3% annual interest, compounded daily (365 days), and he leaves the money in for 3 years. How much money is in his account at the end of the 3 years?
Intermediate Algebra
10th Edition
ISBN:9781285195728
Author:Jerome E. Kaufmann, Karen L. Schwitters
Publisher:Jerome E. Kaufmann, Karen L. Schwitters
Chapter11: Exponential And Logarithmic Functions
Section11.2: Applications Of Exponential Functions
Problem 27PS
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