Question:

An amount of $4500 is invested at 14% interest, compounded

Last updated: 7/22/2022

An amount of $4500 is invested at 14% interest, compounded

An amount of $4500 is invested at 14% interest, compounded daily. a. Find the future value in 6 years. b. Determine whether more or less money would have accrued if the money had been compounded quarterly. a. The total amount is $ (Round to the nearest cent as needed.)