document.write( "Question 1140467: Arianna invested $1,100 in an account paying an interest rate of 5.3% compounded daily. Assuming no deposits or withdrawals are made, how much money, to the nearest cent, would be in the account after 14 years? \n" ); document.write( "
Algebra.Com's Answer #760997 by Theo(13342)\"\" \"About 
You can put this solution on YOUR website!
assuming 365 days in a year, the future value will be $2,310.020303.\r
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\n" ); document.write( "\n" ); document.write( "i used the Texas Instruments Business Analyst II calculator.\r
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\n" ); document.write( "\n" ); document.write( "inputs were:\r
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\n" ); document.write( "\n" ); document.write( "present value = -1100
\n" ); document.write( "future value = 0
\n" ); document.write( "payment = 0
\n" ); document.write( "number of time periods = 14 * 365 = 5110
\n" ); document.write( "interest rate per time period = 5.3 / 365.014520548%\r
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\n" ); document.write( "\n" ); document.write( "i had the calculator compute the future value and the calculator told me the future value was $2,310.020303.\r
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\n" ); document.write( "\n" ); document.write( "you can do the same with the online financial calculator at https://arachnoid.com/finance/\r
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\n" ); document.write( "\n" ); document.write( "here's the display of the results.\r
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