### Home > CALC > Chapter 6 > Lesson 6.4.2 > Problem6-147

6-147.

The Business Section of the Metropolis Express lists Megabux Bank as paying $4.95\%$ compounded daily on a $10{,}000$ deposit, for a "yield" (or overall gain) of $5.07\%$.

1. Compute how much the initial $10{,}000$ deposit will be worth one year after it is deposited at Megabux.

$10{,}507.42$

2. Confirm the $5.07\%$ "yield."

Refer to hint in part (a).

3. When will the initial $10{,}000$ deposit be worth $15{,}000$?