document.write( "Question 360726: $8000 @ 1.35 interested compound daily will yeild how much per year and per month \n" ); document.write( "
Algebra.Com's Answer #257426 by jim_thompson5910(35256)\"\" \"About 
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\"A=P%281%2Br%2Fn%29%5E%28n%2At%29\" Start with the compound interest formula\r
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\n" ); document.write( "\n" ); document.write( "\"A=8000%281%2B0.0135%2F365%29%5E%28365%2A1%29\" Plug in \"P=8000\" (the amount invested), \"r=0.0135\" (the decimal equivalent of 1.35%), \"n=365\" (since it's compounded daily) and \"t=1\" (for one year).\r
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\n" ); document.write( "\n" ); document.write( "\"A=8000%281%2B0.00003698630137%29%5E%28365%2A1%29\" Evaluate \"0.0135%2F365\"} to get \"0.00003698630137\"\r
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\n" ); document.write( "\n" ); document.write( "\"A=8000%281.00003698630137%29%5E%28365%2A1%29\" Add \"1\" to \"3.6986301369863e-005\" to get \"1.00003698630137\"\r
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\n" ); document.write( "\n" ); document.write( "\"A=8000%281.00003698630137%29%5E%28365%29\" Multiply \"365\" and \"1\" to get \"365\".\r
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\n" ); document.write( "\n" ); document.write( "\"A=8000%281.0135912834057%29\" Evaluate \"%281.00003698630137%29%5E%28365%29\" to get \"1.0135912834057\".\r
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\n" ); document.write( "\n" ); document.write( "\"A=8108.73026724562\" Multiply \"8000\" and \"1.0135912834057\" to get \"8108.73026724562\".\r
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\n" ); document.write( "\n" ); document.write( "\"A=8108.73\" Round to the nearest hundredth (ie to the nearest penny).\r
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\n" ); document.write( "\n" ); document.write( "So in one year, you'll have $8108.73 in the account.
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