Brianna invested $25,000 in an account paying an interest rate of 3.6% compounded daily. Assuming no deposits or withdrawals are made, how much money, to the nearest cent, would be in the account after 18 years?

  A≈47791.31

Step-by-step explanation:

A

=

P

(

1

+

r

n

)

n

t

A=P(1+

n

r

)

nt

Compound interest formula

P

=

25000

r

=

0.036

t

=

18

n

=

365

P=25000r=0.036t=18n=365

Given values

A

=

25000

(

1

+

0.036

365

)

365

(

18

)

A=25000(1+

365

0.036

)

365(18)

Plug in values

A

=

25000

(

1.0000986301

)

6570

A=25000(1.0000986301)

6570

Simplify

A

=

47791.3122461

A=47791.3122461

Use calculator

A

≈

47791.31

A≈47791.31

i dont know men

step-by-step explanation:

required rate of return = 0.166 = 16.6%

step-by-step explanation:

under the capital asset pricing model (capm), the required or expected rate of return for a particular security or asset is given using the formula:

required rate of return = risk-free rate + beta*(market risk premium)

we are given that;

risk-free rate = 4% = 0.04

beta = 1.4

market risk premium = 9% = 0.09

we simply plug these values into the above formula;

required rate of return = 0.04 + 1.4*(0.09)

required rate of return = 0.04 + 0.126

required rate of return = 0.166 = 16.6%