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A couple deposits $21,000 $ ⁢ 21,000 into an account earning 5% 5 % annual interest for 30 30 years. Calculate the future value of the investment if the interest is compounded daily. Round your answer to the nearest cent.

Sagot :

Towl35idn

Answer:

$94105.81

Step-by-step explanation:

[tex]21000( ({1 + .0512675})^{30} - 1) \\ = 73105.81 \\ 73105.81 + 21000 = 94105.81[/tex]

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