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lisov135 [29]
3 years ago
8

Find the final amount for a $1500 investment at 5.65% interest compounded daily for 3 years.

Mathematics
1 answer:
Aliun [14]3 years ago
7 0

Answer:

1777.05

Step-by-step explanation:

FV=PV(1+\frac{i}{n})^{nt}\\\\\\1500(1+\frac{.0565}{365})^{365*3}\\\\1500(1.000154)^{1095}\\\\1777.045 =1777.05

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