Question 1129983

$16000 is invested at an APR of 3.5% compounded daily. Write a numerical expression that would compute the value of the investment after 30 years. 
<pre>Correct answer: If 360 days are used to represent a year, and A is used for Future Value, we then get: {{{highlight_green(matrix(1,3, A, "=", "$16,000"(1 + .035/360)^(360 * 30)))}}}
If 365 days are used to represent a year, then just change 360 to 365.
That's it!!