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How much interest is earned on this investment

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You inherit $50,000 and decide to invest it for 40 days compounded daily at 6% annual interest. After the 40 days, you are going to invest your new-found money in a startup business.

a) How much interest is earned on this investment?

b) How much money will you have to invest in the startup after the 90 days?

Reference no: EM131857368

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