31.4k views
16 votes
Find the total amount of the investment after 10 years if ​$6,000 is invested at ​7.82% compounded daily.

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

No related questions found

Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

9.4m questions

12.2m answers

Categories