Solution

Laura is investing 27, 000 in an account paying 7.25% interest compounded daily.What will Laura's account balance be in 14 years?

Solution

Solution steps
Translate the problem into an equation:
Round to the nearest hundredth:

Popular Examples

Jenny is 10 years older than steve . Five years ago, jenny was four times older than steve then. How old are jenny and steve now?Juan is twice Jose's age now. In 5years he will be 1 1/2 times older than Jose. How old are they now?the sum of three consecutive even integers is 228. find the three integersTwo men who are traveling in opposite directions at the rate of 18 and 22 mph respectively started at the same time at the same place. In how many hours will they be 250 apartThe sum of two consecutive integers is 107