document.write( "Question 586127: Find the amount of compound interest earned in an account that opens with $29,000, earns 5.2% interest compounded daily, and is held for 25 years. Assume 360 days in a year. (Round your answer to the nearest cent.) \n" ); document.write( "
Algebra.Com's Answer #373649 by rfer(16322)![]() ![]() ![]() You can put this solution on YOUR website! A=29000(1+0.052/360)^360*25 \n" ); document.write( "A=29000(1.00014444)^9000 \n" ); document.write( "A=29000*3.6688 \n" ); document.write( "A=$106,395.35 \n" ); document.write( " |