Answer:
A) 255,358.46
E) 273,353.92
Step-by-step explanation:
The formula for future value of principal P at interest rate r per year compounded n times per year for t years is ...
FV = P(1 +r/n)^(nt)
Filling in the numbers and doing the arithmetic, we have ...
A) FV = $34,500(1 + 0.069)^30 ≈ $255,358.46
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E) FV = $34,500(1 + 0.069/365)^(365·30) ≈ $273,352.92
