You inherit $145,000 and decide to invest it for 90 days compounded daily at 6% annual interest. After the 90 days, you are going to invest your new-found money in a startup business. a) How much interest is earned on this investment? You can either use the Future Value formula or Table 13-2 Future Value Formula FV = P(1 + R)N Reminder: R = Interest Rate per period (day) Table 13-2: Compound Interest on $100, Compounded Daily (365 days) (Exact Time, Exact Interest Basis) Reminder - The Table is for compound interest on each $100. b) How much money will you have to invest in the startup after the 90 days?