Simon invests $1,700 in an account that earns an annual interest rate of 4.5% compounded daily. What is the value of Simon's investment after 4 years? $2,034.58 $1,700.00 $1,778.24 $2,035.25

Holt Mcdougal Larson Pre-algebra: Student Edition 2012
1st Edition
ISBN:9780547587776
Author:HOLT MCDOUGAL
Publisher:HOLT MCDOUGAL
Chapter7: Percents
Section: Chapter Questions
Problem 49CR
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Simon invests $1,700 in an account that earns an annual interest rate of 4.5% compounded daily.
What is the value of Simon's investment after 4 years?
$2,034.58
$1,700.00
$1,778.24
$2,035.25
Transcribed Image Text:Simon invests $1,700 in an account that earns an annual interest rate of 4.5% compounded daily. What is the value of Simon's investment after 4 years? $2,034.58 $1,700.00 $1,778.24 $2,035.25
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