You inherit 220000 and decide to invest it for 28 days, Ask an Expert

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You inherit $220,000 and decide to invest it for 28 days compounded daily at 6% annual interest. After the 28 days, you are going to invest your new found money in a start-up business.

How much interest is earned on this investment?

How much money will you have to invest in the start-up after the 28 days?

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M91581903

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