ginaanne715ow4tt0 ginaanne715ow4tt0

23-06-2019
Mathematics

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Anthony deposited $14,000 with a bank in a 5-year certificate of deposit yielding 6% compounded daily. Find the compound amount
A) $18,897.56
B) $32,897.56
C) $17,976.05
D) $16,542.10

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wolf1728 wolf1728

23-06-2019

Answer:

Total = 14,000 * 1 + (.06 / 365) ^365*5

Total = 14,000 * 1.0.000164383561643836^1,825

Total = 14,000 * 1.3498255274

Total = 18,897.56

Step-by-step explanation:

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