You inherit 220000 and decide to invest it for 28 days, Financial Management

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You inherit 220000 and decide to invest it for 28 days

You inherit $220,000 and decide to invest it for 28 days compounded daily at 6% annual interest. After the 28 days, you are going to invest your new found money in a start-up business.

How much interest is earned on this investment?

How much money will you have to invest in the start-up after the 28 days?

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Financial Management: You inherit 220000 and decide to invest it for 28 days

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Financial Management: You inherit 220000 and decide to invest it for 28 days

Reference No:- TGS01207261

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