3 years ago

Anthony deposited $14,000 with a bank in a 5-year certificate of deposit yielding 6% compounded daily. Find the compound amount

Mathematics

1 answer:

Mnenie [13.5K]3 years ago

8 0

Answer:

Total = 14,000 * 1 + (.06 / 365) ^365*5

Total = 14,000 * 1.0.000164383561643836^1,825

Total = 14,000 * 1.3498255274

Total = 18,897.56

Step-by-step explanation:

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