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Find the total amount of the investment after 10 years if ​$6,000 is invested at ​7.82% compounded daily.

Find the total amount of the investment after 10 years if ​$6,000 is invested at ​7.82% compounded daily.
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16 votes
Find the total amount of the investment after 10 years if ​$6,000 is invested at ​7.82% compounded daily.

User Steve Lancashire
by
7.6k points

2 Answers

4 votes

Answer:

13113.94

Explanation:


PV(1+(i)/(n))^(nt)\\\\6000(1+(.0782)/(365))^(10*365)\\\\6000(1.0002142)^(3650)\\6000*2.1856= 13113.94

User HerbCSO
by
7.7k points
6 votes

Answer:

your future account value: $13,113.94

Explanation:

User RSilva
by
7.7k points
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