could someone help me, You invest an initial $2,000 in an account that has an annual interest rate of 6%, compounded daily. How much money will you have in the account after 15 years? Round your answer to the nearest whole number.

Question

amistre64 · Answer

accursed leap years ....

assume 365 days a year and run the compund formula

amistre64 · Answer

A = P(1+r/n)^(nt)

let n=365 ..

anonymous · Answer

would it be 1,400

anonymous · Answer

or 240

amistre64 · Answer

well, you cant possibly have less money than what you started with .... but then again we do have Obama in office so it may be possible :/


2000(1+.06/365)^(365*15)