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Given an investment of $2,000 What would be the balance after 5 years compounded daily with an interest rate of 3.4% O $237.06 O $2370.59 O $1185.30 0 $2367.22

Given an investment of $2,000 What would be the balance after 5 years compounded daily with an interest rate of 3.4% O $237.06 O $2370.59 O $1185.30 0 $2367.22
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4 votes
Given an investment of $2,000

What would be the balance after 5 years compounded daily with an interest rate of 3.4%
O $237.06
O $2370.59
O $1185.30
0 $2367.22

User Jose CC
by
9.4k points

1 Answer

3 votes

Answer:

$2370.59

Explanation:

the final balance is $2370.59

User KunLun
by
8.6k points
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