Mathematics, 01.07.2019 07:30 andersonrocksc
In investment of $500 earns 1.9%interest and is compounded daily
Answers: 1
is the principal, or starting amount
is the interest rate, represented as decimal
is the number of times the investment is compounded per year
is the amount of years the investment is compounded over
because we start our investment at $500
because our interest rate is 1.9%
because the investment is compounded daily, or 365 times per yearThe problem does not state a value for 
.
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