Lori gets an offer from another bank that is also paying 6% on CD’s, but is compounding interest daily. How much will the $1500 CD be worth

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Lori gets an offer from another bank that is also paying 6% on CD’s, but is compounding interest daily. How much will the $1500 CD be worth in: 5 years?

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    2021-10-15T00:48:26+00:00

    In 5 years it will be worth 7,500.

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