You invest an initial $2,000 in an account that has an annual interest rate of 6%, compounded daily. How much money will you have in the account after 15 years? Round your answer to the nearest whole number.
The total amount of money earned after 15 years is given by the formula: A=p(1+r/100)^n where: p=principle=$2000 r=rate=6% n=time=15 years thus; A=2000(1+6/100)^15 A=2000(1.06)^15 A=$4,793.12
