mcleodmonica71 mcleodmonica71
  • 23-04-2018
  • Mathematics
contestada

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.

Respuesta :

theweeknd14
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 :)
Answer Link

Otras preguntas

how many tall cups of coffee will it take to equal the number of ounces in one venti
in the 1760's, americans in the original 13 british colonies began to protest against
$40 sweater; 33% discount
in the 1760's, americans in the original 13 british colonies began to protest against
a student drops an object from the top of a building which is 19.6 m high. How long does it take the object to fall to the ground?
ed spent 35% of his time on roller coasters. if he was there for 8 hours, how much time did he spend on roller coasters
why is seawater a mixture
each person in the united states eats about 65 fresh apples each year. Based on this estimate, how many apples do 3 families of 4 eat each year?
how structures of the body relate to its functionsplz help!!!
Z--3/4=6 1/2 Help I have homework