<PRE><B>Question 138599</B>
Use the compound interest formula above to compute the total amount after $3000 is invested at 4% over 2 years compounded daily.  (Use n=360).
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A(t) = P(1+(r/n))^(nt)

A(2) = 3000(1+(0.04/360))^(360*2)

A(2) = 3000(1.00011111)^(720)

A(2) = 3000*1.08328..

A(2) = $3249.85
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Cheers,
Stan H.</PRE>