Mathematics, 31.10.2019 04:31 arielgonzalez809
You believe in the power of compounding and decide to save $1 per day by avoiding the purchase of a soda. you deposit the $1 at the end of each day in a bank account that pays 8% interest compounded daily. you are going to take a trip in 20 years with the money you have accumulated. how much money will you have in 20 years, assuming 365 days per year?
a. $7,500
b. $12,438
c. $18,032
d. $22,456
Answers: 3
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