You invest $49,010 in an account earning 5.26% APR, compounded daily. How much total interest is earned on the account after 235 days? Round your answer to the nearest cent. The total interest earned on the account is $ after 235 days.

Holt Mcdougal Larson Pre-algebra: Student Edition 2012
1st Edition
ISBN:9780547587776
Author:HOLT MCDOUGAL
Publisher:HOLT MCDOUGAL
Chapter7: Percents
Section7.7: Simple And Compound Interest
Problem 21E
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You invest $49,010 in an account earning 5.26% APR, compounded daily. How much total interest is earned on the account after
235 days? Round your answer to the nearest cent.
The total interest earned on the account is $
after 235 days.
Transcribed Image Text:You invest $49,010 in an account earning 5.26% APR, compounded daily. How much total interest is earned on the account after 235 days? Round your answer to the nearest cent. The total interest earned on the account is $ after 235 days.
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