Answered

At Westonci.ca, we provide reliable answers to your questions from a community of experts. Start exploring today! Our platform provides a seamless experience for finding reliable answers from a network of experienced professionals. Experience the convenience of finding accurate answers to your questions from knowledgeable experts on our platform.

Find the final amount for the investment given you initially have $5500 earning
6.25% interest compounded daily for 5 years rounded correctly.
A. $289,093.75 B. $7447.44
C. $7447.45
D. $7517.41
E. $7517.40

Sagot :

is the final value
P is the initial principle
r is the (annual) interest rate (as a decimal)
t is time (years)

10500%2Ae%5E%28%28.0625%2A25%29%29
Thank you for your visit. We're dedicated to helping you find the information you need, whenever you need it. We hope you found this helpful. Feel free to come back anytime for more accurate answers and updated information. Your questions are important to us at Westonci.ca. Visit again for expert answers and reliable information.