document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=1072544>Question 1072544</A>: <I><SPAN STYLE=\"word-break: break-all;\"> How to find compound interest and future value. Please break future value calculation down for easy guidance. Assume 365 day year. Principal= 3315. Rate= 8%. Compounded daily. Time 5 years. </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #687398 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=687398\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> P=Po(1+r/n)^nt<BR>\n" );
document.write( "r=0.08<BR>\n" );
document.write( "n=365<BR>\n" );
document.write( "t=5<BR>\n" );
document.write( "round at the end<BR>\n" );
document.write( "3315(1+(.08/365))^1825=$4945.18<BR>\n" );
document.write( "Can check this by seeing if it is close to continuously compounding, but not quite.<BR>\n" );
document.write( "Continuous is Poe^(rt)=$4945.40 </SPAN>\n" );
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