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25 September, 07:22

Sammy wants to know the future value of an investment of $5,000 that earns 2.5% compounded daily for 15 years. How much money should he expect to have in his account in 15 years?

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  1. 25 September, 07:37
    0
    1875

    Step-by-step explanation:

    I=PRT/100

    then

    Rate=5000, Percentage = 2.5%,

    Time = 15years

    Interest = ?

    then

    I = 2.5*5000*15/100=1875
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