If You Deposit $100 into an Account That Pays $5 \%$

question 23

Short Answer

If you deposit $100 into an account that pays $5 \%$ APR compounded daily, what would be the value in the account after 30 years? $\$$$\underline{\quad\quad}$

---

Definitions:

Actual Sales

The exact amount of sales revenue that a company has generated over a specific period, as opposed to projected or forecasted sales.

High-Low Method

A technique used in cost accounting to estimate fixed and variable costs based on the highest and lowest levels of activity.

Mixed Cost

Mixed cost refers to a cost that contains both variable and fixed cost elements, meaning it changes with the level of activity but not directly proportionate.

Activity Level

The volume of work or output produced, often used in costing and budgeting processes to measure levels of operations.