Aninth-grade student opens a savings account that locks her money in for 4 years at an annual rate of 6%, compounded daily. if the initial deposit is $710, how much money will be in the account when she begins college in 4 years? (round your answer to the nearest cent.)

The answer would be $902.57.

With an initial deposit of $710 at an annual rate of 6% compounded daily, means after a year $43.90 will be added to the initial deposit making it $753.90. At year 2 the compounded interest will be $46.61, making the initial deposit to be $800.51. At year 3 the compounded interest will be $49.50, making the initial deposit $850.01. At year 4 the compounded interest will be $52.56 the total deposit will be $902.57.