document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=998636>Question 998636</A>: <I><SPAN STYLE=\"word-break: break-all;\"> Please help me I have tried to figure out the amount for daily but all my answers was wrong. Please show step by step. Thanks\r<BR>\n" );
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document.write( "If 36500 dollars is invested at an interest rate of 6 percent per year, find the value of the investment at the end of 5 years for the following compounding methods.\r<BR>\n" );
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document.write( " (d) Daily: <BR>\n" );
document.write( " Your answer is  </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #616402 by </B><A HREF=/tutors/aboutme.mpl?userid=Boreal><B>Boreal(15235)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=Boreal><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=Boreal><BR>You can <A HREF=\"/cgi-bin/embed-solution.mpl?show=1&solution=616402\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> 36500(1+(.06)/365))^1825; the parentheses equals 1.3498.  Without rounding, multiply out<BR>\n" );
document.write( "$49,268.63<BR>\n" );
document.write( "Rule of 72 would expect doubling in 12 years <BR>\n" );
document.write( "(Rule of 40-increases by half in 40/6 or about 6 years.  The answer makes sense.<BR>\n" );
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