Martha invests $6,000 at 7.5% for 8 years. If the interest is compounded daily (use 360 days for the year), what will the investment be worth in 8 years?

Name: Martha invests $6,000 at 7.5% for 8 years. If the interest is compounded daily (use 360 days for the year), what will the investment be worth in 8 years?
Brand: Quizplus
Rating: 4.9 (35 reviews)

Question

Quizplus · Accepted Answer

The Answer of Martha invests $6,000 at 7.5% for 8 years. If the interest is compounded daily (use 360 days for the year), what will the investment be worth in 8 years?

Martha Invests $6,000 at 7