document.write( "Question 1013477: If I save 10,000 for 5 years at 9% compounding daily what would be balance in 5 years \n" ); document.write( "
Algebra.Com's Answer #629762 by fractalier(6550)\"\" \"About 
You can put this solution on YOUR website!
Compound interest n times a year is found by
\n" ); document.write( "\"A%28t%29+=+A%5B0%5D%281+%2B+r%2Fn%29%5Ent\"
\n" ); document.write( "Plugging in we get
\n" ); document.write( "\"A%285%29+=+10000%281+%2B+%28.09%2F365%29%29%5E%28365%2A5%29\"
\n" ); document.write( "so that
\n" ); document.write( "A(5) = $15682.25
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