Question

Garrett has deposited 519 in a savings account that earns interest at a rate of 4.2% compounded daily. What will the account balance be in 17 years

Answer 1

$1059.83 Use this formula:
$A=P(1+r/n) ^{nt}$

P=principal of 519
r= your rate of 4.2% as a decimal
n=number of compounding periods; yours is daily or 365 day in a year.
t=time involved of the investment in years; yours is 17