You just received a 10000 gift from your grandmother and


You just received a $10,000 gift from your grandmother and you wish to save it for a rainy day. If interest is 8% compounded daily, what is the value of this gift in 5 years?

  • $14,693.28
  • $14,917.59
  • $14,215.02
  • $10,010.96
  • None of the above

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Finance Basics: You just received a 10000 gift from your grandmother and
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