A deposit of $20,000 is placed in his scholarship fond that earns an annual interest rate of four. 75% compounded daily find the value (in dollars) of the account after 3 years. (Assume all years of 365 days. Round your answer to the nearest cent.)

A deposit of $20,000 is placed in his scholarship fond that earns an annual interest rate of four. 75% compounded daily find the value (in dollars) of the account after 3 years. (Assume all years of 365 days. Round your answer to the nearest cent.)

EBK CONTEMPORARY FINANCIAL MANAGEMENT

14th Edition

ISBN:9781337514835

Author:MOYER

Publisher:MOYER

Chapter5: The Time Value Of Money

Section: Chapter Questions

Problem 24P

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