Question

6000 for 6 years at 8.5% compounded daily will grow to?

Answer 1

oops - didnt notice the daily!!!!

Answer 2

Shouldn't it be:\[\Large 6000{(1 + 0.085/365)^{6 \cdot 365}}\]

Answer 3

yup

Answer 4

thats a huge amount!!

Answer 5

Define huge

Answer 6

more money than i'll ever have!!!

Answer 7

lol

Answer 8

$9,991.15?

Answer 9

what is the answer im confused

Answer 10

9991.15

Answer 11

6 000 * ((1 + (0.085 / 365))^(6 * 365)) = 9,991.15393
It's not that big ;) Remember order of operations.

Answer 12

the answer is $9991.15

Answer 13

thanks