Find the amount of compound interest earned in an account


Find the amount of compound interest earned in an account that opens with $24,000, earns 7.6% interest compounded daily, and is held for 15 years. Assume 360 days in a year. (Round your answer to the nearest cent.)

Solution Preview :

Prepared by a verified Expert
Finance Basics: Find the amount of compound interest earned in an account
Reference No:- TGS02751647

Now Priced at $10 (50% Discount)

Recommended (95%)

Rated (4.7/5)