Question 1138635

How much do you need to invest in an account earning an annual interest rate of 3.259% compounded daily, so that your money will grow to $7,210.00 in 50 days?
<pre>If a {{{highlight_green(matrix(2,4, 365-day, "year,", "then:", "$7,177.88", 360-day, "year,", "then:", "$7,177.44"))}}}
That's a mere difference of $0.44....somewhat insignificant to the investor, but not to the institution where it's invested.