North Island Federal Credit Union pays 6% annual interest, compounded daily, on time savings deposits. Find the value of $1000 deposited in this account after 1 year. Round your answer to the nearest cent.

A) $1001.97
B) $1274.20
C) $1000.16
D) $849.47
E) $1061.83


E) $1061.83

Mathematics

You might also like to view...

Write the number in decimal notation without the use of exponents.6.028 x 106

A. 6,028,000 B. 361.68 C. 60,280,000 D. 602,800

Mathematics

Solve.The surface area of a cylinder with height, h, and base radius, r, is given by A = 2?rh + 2?r2. Using 3.14 for ?, find the surface area of a cylinder with a radius of 2 cm and a height of 20 cm.

A. 251.2 cm2 B. 263.76 cm2 C. 276.32 cm2 D. 753.6 cm2

Mathematics

Write the decimal as a proper fraction or mixed number in lowest terms.0.776

A.
B.
C.
D. 8 

Mathematics

Find the value of the probability of the standard normal variable Z. Round your answer to four decimal places. ? ?

A. 0.8522 B. ?0.4728 C. ?0.1013 D. ?0.2266 E. ?0.3717

Mathematics