001025593 001025593

10-02-2021
Mathematics

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

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madethisfortwitch1 madethisfortwitch1

10-02-2021

Answer:

1777.05

Step-by-step explanation:

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

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