Based on the amount invested, the rate, and the period of compounding, after 11 years, the account would be $1,290.
As the rate is compounded daily, the rate and the period need to be converted to daily figures:
Rate = 5.8% / 365 days = 5.8/365 %
Period = 11 x 365 = 4,015 days
The amount in 11 years is:
= Amount x ( 1 + rate) ^ period
= 680 x (1 + 5.8/365%) ⁴⁰¹⁵
= $1,286.965
= $1,290
In conclusion, the account would have $1,290.
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