Answer:
The correct answer is option C. 25171.54
Step-by-step explanation:
It is given that,
Sabrina Duncan invests $20,000 in a 4 year certificate of deposits that earns interest at an annual rate of 5.75% compounded daily.
Also given that the amount per $1.00 is 1.258577
To find the amount
Here the investment amount = $20,000
amount per $1.00 is 1.258577
Therefore amount $20,000 he get in given by,
Amount = $20,000*1.258577 = 25171.54
Therefore the matured amount $25171.54
Option C is the correct answer.
