Find the future value of the given amount of money, assuming interest compounds at the stated interest rate and compounding frequency for the given period of time. h. $3,754.77 at 4.31% compounded daily (exact method) for 535 days.
Added by Mark P.
Step 1
The interest rate is given as 4.31%. To convert it to a decimal, divide by 100: 4.31% = 4.31/100 = 0.0431 Show more…
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