miguelbaez978 miguelbaez978

11-12-2020
Mathematics

contestada

Joanna Michael deposits $3,500 in a savings account that earns 2 % compounded daily. If no deposits
or withdrawals are made, how much will be in the account after 5 years?

Respuesta :

archiethebobcat12 archiethebobcat12

11-12-2020

Answer:$3868.09

Step-by-step explanation:

A(t)=p(1+r/n)^nt

A(5)=3500(1+.02/365)^365(5)

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