Anthony deposited $14,000 with a bank in a 5-year certificate of deposit yielding 6% compounded daily. Find the compound amount A) $18,897.56 B) $32,897.56 C) $17,976.05 D) $16,…

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Iabdalkader · Answer 1 · 2020-11-20T09:57:11+0000

Answer:

Total = 14,000 * 1 + (.06 / 365) ^365*5

Total = 14,000 * 1.0.000164383561643836^1,825

Total = 14,000 * 1.3498255274

Total = 18,897.56

Explanation: