Quick Finance Question

profilekev44

You just received a $10,000 gift from your grandmother and you wish to save it for a rainy day. If interest is 8% compounded daily, what is the value of this gift in 5 years?

 

$14,693.28

$14,917.59

$14,215.02

$10,010.96

None of the above

 

*Please show me the work and how you got to the solution of the problem, thanks!

    • 6 years ago
    • 3
    Answer(3)

    Purchase the answer to view it

    blurred-text
    • attachment
      img_20150419_080346.jpg

    Purchase the answer to view it

    blurred-text
    NOT RATED
    • attachment
      dsc_1402.jpg

    Purchase the answer to view it

    blurred-text
    NOT RATED