SOLUTION: HELP!!! use the compounded interest formula above to compute the total amount after 3000 is invested at 4% over 2 years compounded daily. (use n = 360)

SOLUTION: HELP!!! use the compounded interest formula above to compute the total amount after 3000 is invested at 4% over 2 years compounded daily. (use n = 360)

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Question 138380: HELP!!!
use the compounded interest formula above to compute the total amount after 3000 is invested at 4% over 2 years compounded daily. (use n = 360)

Answer by checkley77(12844) (Show Source): You can put this solution on YOUR website!
3000(1+.04/360)^2*360
3000(1+.0001111)^720
3000(1.0001111)^720
3000*1.08327
$3249.82 answer.
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