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You might want to review the definitions of the variables in the compound-interest formula...?
. . . . .$\displaystyle A\, =\, P\left(1\, +\, \frac{r}{n}\right)^{nt}$
. . . . .A: ending value or balance
. . . . .P: beginning value or balance
. . . . .r: interest or growth rate, expressed as a decimal
. . . . .n: number of compoundings per interest term (yearly, in this case)
. . . . .t: number of terms (years, in this case)
How are you arriving at 370 compoundings per year...?