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Math Help - compound intrest

  1. #1
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    Talking compound intrest

    $2750 invested at 4.825% annual interest for 6 years compounded daily
    (n=365).

    find the amount that will be in the account given the stated conditions
    i cant figure this one out for the life of me
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  2. #2
    Behold, the power of SARDINES!
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    Quote Originally Posted by mattdale321 View Post
    $2750 invested at 4.825% annual interest for 6 years compounded daily
    (n=365).


    i cant figure this one out for the life of me
    p(t)=P_0(1+\frac{r}{n})^{nt}

    P(6)=2750 \left(1+\frac{.04825}{365} \right)^{(365)(6)} \approx 3673.27
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