If you leave $5500 in an account earning 9% interest, compounded daily, how much money will be in the account after 2 years?

Principles of Accounting Volume 2
19th Edition
ISBN:9781947172609
Author:OpenStax
Publisher:OpenStax
Chapter11: Capital Budgeting Decisions
Section: Chapter Questions
Problem 8EB: You put $600 in the bank for 3 years at 15%. A. If Interest Is added at the end of the year, how...
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If you leave $5500 in an account earning 9% interest, compounded daily, how much money will be in the account after 2 years? (Round your answer to two decimal places.)

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