document.write( "Question 586803: Mr. Miser loans money at an annual rate of 73 percent compounded daily. You decide to borrow $10,000 from him and must repay the full principal and interest at the end of 2 years. How much must you repay him to pay off the loan?
\n" ); document.write( "
\n" ); document.write( "

Algebra.Com's Answer #373899 by solver91311(24713)\"\" \"About 
You can put this solution on YOUR website!
\r
\n" ); document.write( "
\n" ); document.write( "\n" ); document.write( "\r
\n" ); document.write( "
\n" ); document.write( "\n" ); document.write( " is what you want to know. is the original principal amount, is the interest rate expressed as a decimal fraction, is the number of compounding periods in one year -- 365 is close enough for daily compounding. And is the number of years.\r
\n" ); document.write( "
\n" ); document.write( "\n" ); document.write( "Just plug in the values and do the arithmetic\r
\n" ); document.write( "
\n" ); document.write( "\n" ); document.write( "John
\n" ); document.write( "
\n" ); document.write( "My calculator said it, I believe it, that settles it
\n" ); document.write( "
\"The

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