Solved

If Gabriel Deposits $19,500 in a Savings Account That Earns

Question 19

Multiple Choice

If Gabriel deposits $19,500 in a savings account that earns 1.5% interest per year compounded daily, how much money can he expect to be in the account in 6 years? Round your answer to two decimal places.


A) $21,255.00
B) $155,122,720.13
C) $21,336.36
D) $17,821.63

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q14: Match the graph with the logarithmic function.<br>F(x)

Q15: In 2002 the population of Stony Creek

Q16: State the domain and range for the

Q17: Use the properties of logarithms to simplify

Q18: For the exponential function <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB10663/.jpg" alt="For

Q20: If you put $14,100 in a savings

Q21: For the exponential function <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB10663/.jpg" alt="For

Q22: Write the exponential equation in its equivalent

Q23: Find the y-intercept for the exponential function

Q24: State the domain and range for the