document.write( "Question 192059: An individual Retirement Account (IRA) has $18,000 in it, and the owner decides not to add any more money to the account other than interest earned at 5% compounded daily. How much will be in the account 38 years from now when the owner reaches retirement age? \n" ); document.write( "
Algebra.Com's Answer #144139 by jojo14344(1513)\"\" \"About 
You can put this solution on YOUR website!

\n" ); document.write( "
\n" ); document.write( "Working Eqn, ---> \"F=P%281%2Bi%2Fm%29%5E%28mn%29\", where\"system%28F=Future%2CP=Principal%2Ci=interest%2Cm=compounded%2Cn=years%29\"\r
\n" ); document.write( "
\n" ); document.write( "
\n" ); document.write( "\n" ); document.write( "\"F=18000%281%2B%280.05%2F365%29%29%5E%28365%2A38%29\"
\n" ); document.write( "\"F=18000%281%2B0.0001369863%29%5E13870\"
\n" ); document.write( "\"F=18000%281.000137%29%5E13870=1800%2A6.685\"
\n" ); document.write( "\"red%28F=120330.44%29\", Answer\r
\n" ); document.write( "
\n" ); document.write( "\n" ); document.write( "Thank you,
\n" ); document.write( "Jojo

\n" ); document.write( "
\n" ); document.write( "
\n" );