<PRE><B>Question 313872</B>
A money market fund pays 14% annual interest compounded daily.
 What is the value of $10,000 invested in this fund after 15 years?
:
The compound interest equation 
A = P(1+{{{r/n}}})^nt
where
A = amt after t years
P = initial amt (10000)
r = interest rate in decimals, (.14)
n = time compounded per year, (365)
t = time in yrs, (15)
:
A = 10000(1+{{{.14/365}}})^(365*15)
:
A = 10000*(1.00038356)^5475
:
A = 10000*8.1628825
:
A = $81,628.83</PRE>