document.write( "Question 1129983: $16000 is invested at an APR of 3.5% compounded daily. Write a numerical expression that would compute the value of the investment after 30 years. \n" ); document.write( "

Algebra.Com's Answer #746748 by MathTherapy(10552) $\"\"$ $\"About$

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\n" ); document.write( "$16000 is invested at an APR of 3.5% compounded daily. Write a numerical expression that would compute the value of the investment after 30 years.
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Correct answer: If 360 days are used to represent a year, and A is used for Future Value, we then get: 
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document.write( "If 365 days are used to represent a year, then just change 360 to 365.
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document.write( "That's it!! \n" );
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