Answer
$\$ 789.24$
Work Step by Step
Recall:
$A = P \left(1+\dfrac{r}{n} \right)^{n t}$
where
$P:$ The principal amount
$r:$ Annual interest rate
$n:$ Number of compoundings per year
$t:$ Number of years
$A:$ Amount after $t$ years
The given problem has:
$P= \$ 700, r=0.06, t = 2$
$\text{Compounded daily} \to n = 365$
Thus, using these values and the formula above gives:
$A = 700 \left(1+\dfrac{0.06}{365} \right)^{365 \times 2}$
$A \approx \$ 789.24$
