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OpenStudy (anonymous):

You invest an initial $2,000 in an account that has an annual interest rate of 6%, compounded daily. How much money will you have in the account after 15 years? Round your answer to the nearest whole number.

OpenStudy (anonymous):

Are you sure it's 6% daily?

OpenStudy (anonymous):

yup

OpenStudy (anonymous):

\[y=yoe ^{tk}\] yo: initial=2000 t:time=15 years k:rate=6/day conv=15 years to dealy= 15*365 \[yo=2000e ^{15*365*6/100}\]

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