Question

If you invested a penny on Jan 1, 1776 at 5.5% interest compounded
daily, how much would you have on Jan 1, 2020?

Answer 1

Answer:

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Step-by-step explanation:

multiply 1.10 times 1 penny (because you want to add .10 AND the penny) then you multiply that by 365 for how much you make in a year which is 401.5 then multiply that by 35 years, and you get 14052.5.