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

Question

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

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Adela 5 months 2021-09-05T11:32:12+00:00 2 Answers 0 views 0

Answers ( )

  1. hongcuc2
    0
    2021-09-05T11:33:12+00:00
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    Answer:

    your future account value: $13,113.94

    Step-by-step explanation:

  2. Dulcie
    0
    2021-09-05T11:34:01+00:00
    Reply

    Answer:

    13113.94

    Step-by-step explanation:

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

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