SOLUTION: Zachary invested $360 in an account paying an interest rate of 1.7% compounded daily. Assuming no deposits or withdrawals are made, how much money, to the nearest ten dollars, woul

Algebra ->  Customizable Word Problem Solvers  -> Finance -> SOLUTION: Zachary invested $360 in an account paying an interest rate of 1.7% compounded daily. Assuming no deposits or withdrawals are made, how much money, to the nearest ten dollars, woul      Log On

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Question 1139154: Zachary invested $360 in an account paying an interest rate of 1.7% compounded daily. Assuming no deposits or withdrawals are made, how much money, to the nearest ten dollars, would be in the account after 10 years?

Answer by Boreal(15235) About Me  (Show Source):
You can put this solution on YOUR website!
This would be 360(1+(0.017/365))^365*10
round at end
$426.71
$430 to nearest 10 dollars