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If 49600 dollars is invested at an interest rate of 8 percent per year, find the value of the investment at the end of 5 years for the following compounding methods.

Monthly:

Daily:

Respuesta :

Answer:

Monthly = 31000     Daily = 10950000

Step-by-step explanation:

49,600/6=31000

1825 days in 5 years

1825 x 6000

Hope that helps :)

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