cdftfjxz4d cdftfjxz4d

30-04-2021
Mathematics

contestada

In 1998, Patty Hamburger invested $2,500 into a mutual fund. The investment grows at an annual
rate of 1.5%
What will the value be in 2015 if the initial investment is compounded daily?
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HELP ASAP

Respuesta :

merelk11 merelk11

30-04-2021

Answer: $3,178.11

Step-by-step explanation:

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

A= 2500 (1+ 0.015/365)^16X365

A=2500(1.27)^5840

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