SOLUTION: How much do you need to invest in an account earning an annual interest rate of 3.259% compounded daily, so that your money will grow to $7,210.00 in 50 days?

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Question 1138635: How much do you need to invest in an account earning an annual interest rate of 3.259% compounded daily, so that your money will grow to $7,210.00 in 50 days?
Found 2 solutions by josmiceli, MathTherapy:
Answer by josmiceli(19441) About Me  (Show Source):
You can put this solution on YOUR website!
+A+=+A%5B0%5D%2A%28+1+%2B+r%2Fn+%29%5E%28n%2At%29+
+7210+=+A%5B0%5D%2A%28+1+%2B+.03259%2F365+%29%5E%28+365%2A%28+50%2F365+%29+%29+
+72010+=+A%5B0%5D+%2A1.0000893%5E50+
+72010+=+A%5B0%5D%2A+1.004474+
+A%5B0%5D+=+71689.25+
$71,689.25
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Check the math and get another opinion if needed

Answer by MathTherapy(10552) About Me  (Show Source):
You can put this solution on YOUR website!

How much do you need to invest in an account earning an annual interest rate of 3.259% compounded daily, so that your money will grow to $7,210.00 in 50 days?
If a 

That's a mere difference of $0.44....somewhat insignificant to the investor, but not to the institution where it's invested.