Find the final amount for a $1500 investment at 5.65% interest compounded daily for 3 years.

asked Jan 3, 2022 84.0k views

3 votes

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1 vote

Answer:

1777.05

Explanation:

$FV=PV(1+(i)/(n))^(nt)\\\\\\1500(1+(.0565)/(365))^(365*3)\\\\1500(1.000154)^(1095)\\\\1777.045 =1777.05$

Bopsi answered Jan 8, 2022

by Bopsi

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