document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=1070576>Question 1070576</A>: <I><SPAN STYLE=\"word-break: break-all;\"> How much more does $1000 earn in eight years, compounded daily at 5% than $1000 over eight years at 5% compounded semiannually  </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #685621 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=685621\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> Daily: A=5000(1+(.05/365)^8*365=$7458.92, rounding at the end.  We are raising to the 2920 power.<BR>\n" );
document.write( "Semi-annual: A=5000(1+0.025)^16=$7422.53<BR>\n" );
document.write( "That is a difference of $36.39 </SPAN>\n" );
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