Answer:
FV = $82,670
Step-by-step explanation:
FV = PV [1 + (r / b)]ⁿᵇ
Where,
PV = $76,010
r = 21/5 % = 4.2% = 0.042
b = 360 days in a year
n = 2 years
FV = $76,010 [1 + (0.042 / 360)]² ˣ ³⁶⁰
FV = $76,010 [1 + 0.00012]⁷²⁰
FV = $76,010 [1.00012]⁷²⁰
FV = $76,010 [1.087624]
FV = $82,670
