Respuesta :

8390(1+0.1)^5=8390(1.1)^5=8390*1.61051=$13512.1789

"Daily" compounding implies compounding 365 days per year.

Using the compound interest formula,


A = $8390 (1+0.10/365)^(365*5)

= $8390(1.000274)^1825

= $8390(1.649) = $13823.52

Under the given circumstances, with compounding 365 days per year, the original $8390 will have grown to $13832.52.