SOLUTION: $3,000 with 2.5% daily interest for 29 years equals?
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Question 824239: $3,000 with 2.5% daily interest for 29 years equals?
Answer by stanbon(75887) (Show Source): You can put this solution on YOUR website!
$3,000 with 2.5% daily interest for 29 years equals?
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A(t) = P(1+(r/n))^(nt)
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A(29) = 3000(1+(0.025/365))^(365*29)
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A(29) = $6194.04
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Cheers,
Stan H.
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