mcleodmonica71 mcleodmonica71

23-04-2018
Mathematics

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A couple deposits $23,000 earning 3% annual intrest for 30 years. calculthe future value of the investment of the intrest is compound daily. Round your answer to the nearest cent.

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theweeknd14 theweeknd14

23-04-2018

A = 23,000(1 + .03/365)^365(30)
A = 23,000(1.000082192)^10950
The answer is $56,569 or $56,568.92

Hope this helps :)

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