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Math Help - calculating interest compounded daily

  1. #1
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    calculating interest compounded daily

    having trouble entering into calculator TI 83+ word problem for calculating investment earning 3.5% compounded daily in order to accumulate 75,000 in 10 years. Using formula P=A/(1+r/n)^nt..can't get large exponent to calculate...wonder if use e^x function ...any help appreciated
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  2. #2
    MHF Contributor Unknown008's Avatar
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    75000=P\left(1+\dfrac{0.035}{360}\right)^{360(10)}

    My calculator gets the invested amount as P = 52852.51
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