Question 607431
Calculate the future value of each amount deposited into a daily savings plan. $40,000 at 6.4% per year for 6 weeks.
:
I assume this means it is compounded daily, change 6 weeks to 42 days:
A = 40000*(1 + {{{.064/365}}})^42
Run this thru your calc, I got $40,295.64