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15,000 is invested for 3 years with an APR of 6% and daily compounding

Guest Mar 2, 2017
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FV = PV[1 + R]^N

FV = 15,000 x [ 1+ 0.06/365]^(3*365)

FV = 15,000 x [1 + 0.00016438356]^1,095

FV = 15,000 x        1.19719965....

FV =$17,957.99

Guest Mar 2, 2017

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