Question 970240
<pre>
P=9000
R=0.02
N=360   (banks use 360 days a year, because they got started before
         calculators or computers were invented.  It was easier to
         do arithmetic by hand using 360 than 365, and they've never
         changed)
  
T=3/360 (3 days is 3/360th of a year)

Formula:

{{{P}}}{{{""=""}}}{{{A(1+R/T)^(N*T)}}}

{{{P}}}{{{""=""}}}{{{9000(1+0.02/(("3/360")))^(360*("3/360"))}}}

{{{P}}}{{{""=""}}}{{{$9001.50}}}

Edwin</pre>