document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=38414>Question 38414</A>: <I><SPAN STYLE=\"word-break: break-all;\"> Calculate the return A if the bank compounds daily (n=365)<BR>\n" );
document.write( "20,000 & 8% (n=365)<BR>\n" );
document.write( "This is what I have so far:<BR>\n" );
document.write( "A= 20,000 ( 1+.08/365) 365*3<BR>\n" );
document.write( "A= 20,000 (1.00)^1095<BR>\n" );
document.write( "= ?\r<BR>\n" );
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document.write( "Thanks, Christine </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #23908 by </B><A HREF=/tutors/aboutme.mpl?userid=fractalier><B>fractalier(6550)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=fractalier><IMG SRC=http://www.algebra.com/images/aboutme-small.gif BORDER=0 alt=\"About Me\" VALIGN=MIDDLE></A>&nbsp;<IMG SRC=http://www.algebra.com/cgi-bin/show-face.mpl?user=fractalier><BR>You can <A HREF=\"/cgi-bin/embed-solution.mpl?show=1&solution=23908\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> Not exactly...more like this<BR>\n" );
document.write( "A= 20,000*(1 + .08/365)^(365*3)<BR>\n" );
document.write( "A= 20,000*(1.000219178)^1095 (makes a difference!)<BR>\n" );
document.write( "Now exponentiate and multiply by 20000 and get<BR>\n" );
document.write( "A = $25424.31 </SPAN>\n" );
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