SOLUTION: This site is truly amazing with all of the great math wizards. Here is my question...by the way I am a novice. I am using the TI 36x solar texas calculator and do not know how

Algebra ->  Exponents -> SOLUTION: This site is truly amazing with all of the great math wizards. Here is my question...by the way I am a novice. I am using the TI 36x solar texas calculator and do not know how       Log On


   



Question 157190: This site is truly amazing with all of the great math wizards. Here is my question...by the way I am a novice.
I am using the TI 36x solar texas calculator and do not know how to use exponents.
I am try to calculate compound interest.
Principle is $25,000, the rate is 5.5% (.55), rate is daily for 20 years.
I do not know how to get my exponent to work for .055 / 360 days= +1= ^7200= x $25,000 to get to &75,097.
How do I enter this equation into my calculator?

Answer by checkley77(12844) About Me  (Show Source):
You can put this solution on YOUR website!
25,000(1+.055/365)^20*365
WITH MY TI30X THIS IS WHAT I ENTER & I GET $75,097.93