Geoff invests $5,000 at 8.2% for 12 years. If the interest is compounded daily (use 360 days for the year), what will the investment be worth in 12 years?

Name: Geoff invests $5,000 at 8.2% for 12 years. If the interest is compounded daily (use 360 days for the year), what will the investment be worth in 12 years?
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Question

Geoff invests  $5,000  at  8.2%  for 12 years. If the interest is compounded daily (use 360 days for the year), what will the investment be worth in 12 years?

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The Answer of Geoff invests  $5,000  at  8.2%  for 12 years. If the interest is compounded daily (use 360 days for the year), what will the investment be worth in 12 years?

Geoff Invests $5,000 at 8