Ask Question
15 July, 21:49

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?

+3
Answers (1)
  1. 16 July, 01:38
    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
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “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 ...” in 📘 Mathematics if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers