Homework Help: math

Posted by Cliff on Monday, October 24, 2011 at 7:49am.

To save for a child's education,the petersen's deposited $2500 into an account that pays 6% annual interest compounded daily. Find the amount of interest earned on this account over a 20-year period.

math - Steve, Monday, October 24, 2011 at 10:47am
2500*((1+.06/365)^(20*365) - 1)

Unless you count leap years.

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