Question:

Carter invested $3,900 in an account paying an interest rate

Last updated: 8/16/2022

Carter invested $3,900 in an account paying an interest rate

Carter invested $3,900 in an account paying an interest rate of 3.9% compounded daily. Assuming no deposits or withdrawals are made, how much money, to the nearest hundred dollars, would be in the account after 5 years?