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

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%. Homework Help ✎

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

Confirm the 5.07% "yield."

When will the initial $10,000 deposit be worth $15,000?

Refer to hint in part (a).