SOLUTION: Suppose that $2500 is invested in an account with an APR of 8.5% compounded daily. Find the future value of the account in 2 years. Assume there are no leap years.
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Question 608631: Suppose that $2500 is invested in an account with an APR of 8.5% compounded daily. Find the future value of the account in 2 years. Assume there are no leap years.
Answer by ankor@dixie-net.com(22740) (Show Source): You can put this solution on YOUR website!
Suppose that $2500 is invested in an account with an APR of 8.5% compounded daily.
Find the future value of the account in 2 years. Assume there are no leap years.
:
A = 2500*(1+)^(2*365)
A = $2963.20
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