$500,000 that he would like to invest in a savings account earning 3.15% compunding daily over a 25 year period. What would be the future value of his investment? $893,750.00 $1,085,677.44 $1,095,562.82 $1,098,910.07

Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
Publisher:Erwin Kreyszig
Chapter2: Second-order Linear Odes
Section: Chapter Questions
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Kyle has $500,000 that he would like to invest in a savings account earning 3.15% compunding daily over a 25 year period. What would be the future value of his investment?

$893,750.00
$1,085,677.44
$1,095,562.82
$1,098,910.07

 

 
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