Answer
$\$789.24$
Work Step by Step
According to the Compound Interest Formula, where $P$ is the principal, the amount deposited, $r$ is the annual interest rate, $n$ is the number of times the interest is compounded annually, $t$ is the number of years, $A$ is the amount you get back after $t$ years:
$A=P\cdot(1+\frac{r}{n})^{n\cdot t}$
Here we have:
$t=2\text{ years}$
$r=6\%=0.06$
$P=\$700$
$n=365$ (since it is compounded daily)
Substitute these values into the formula above to obtain:
$A=700\cdot(1+\frac{0.06}{365})^{365\cdot 2}\approx\$789.24$
