Business, 30.03.2020 23:19 nathenq1839

Each year a cash grant is given to a deserving college student. The grant consists of the interest earned that year on a $440,000 savings account. What is the cash award for the year if the money is invested at an annual rate of 8.3%, compounded daily? (Round your answer to the nearest cent.)

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Each year a cash grant is given to a deserving college student. The grant consists of the interest e...

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