How much interest is earned on this investment

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Reference no: EM13908965

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?

Reference no: EM13908965

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