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Starting with $4,500.00, what will it grow to in 5 years at 7.25% compounded daily.

 

a. $6,385.95

b. $6,465.89

c. $6,358.59

d. $6,835.59

e. $9,444.50

 Jan 9, 2016
 #1
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+5

4500 ( 1 + .0725/365) ^(5*365)   = about 6465.89   (b)

 

 

cool cool cool

 Jan 9, 2016

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