Question 34711
Value = (amount at the beginning)(1+r/n)^(nt)
r is the yearly rate of interest
n is the number of times in a year the money is compounded
t is the number of years this compounding goes on

A=2000(1+0.05/365)^(365*3)
A=2000(1.000136986...)^1095
A=$2323.64 (value after 3 yrs. compounded daily at 5% per annum)

I'll let you do the monthly where n=12

For "continuous" compounding the formula changes to:
V = Amount* e^(rt)
V = 2000 e^(0.05*3)
V= 2000(1.161834...
v=$2323.67
Cheers,
Stan H.

V