Answer:
A = $4724.36
Step-by-step explanation:
P = $3500
r = 7.5% = 0.075
t = 4years
n = 365
[tex]A = P(1 + \frac{r}{n})^{nt}\\\\[/tex]
[tex]=3500(1 + \frac{0.075}{365})^{365 \times 4}\\\\=3500(1.00020547945)^{365\times4}\\\\= 3500 \times 1.34981720868\\\\= 4724.36023037\\\\= \$ 4724.36[/tex]
