Question: Use the formula for computing future value using compound interest to determine the value of an account at the end of 10 years if a

Use the formula for computing future value using compound interest to determine the value of an account at the end of 10 years if a principal amount of $2,500 is deposited in an account at an annual interest rate of 4% and the interest is compounded daily. (Assume there are 365 days in a year.)

The amount after 10 years will be $----------?

(Round to the nearest cent as needed.)

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