Davey Stewart
04/26/2023 · Senior High School

10. [-/1 Points] DETAILS MY NOTES AUFQR1 4.2.P.001. Use 365 for the number of days in a year. Calculate the future value (in dôltars) of \( \$ 1,350 \) deposited into an account earning an annual interest rate of \( 4 \% \) compounded daily after 3 years. (See Example 1 in this section. Round your answer to the nearest cent.)

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The future value of \$1,350 after 3 years at a 4% annual interest rate compounded daily is approximately \$1,523.12.

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