Posted by roger on Thursday, December 8, 2011 at 4:43pm.
Pt = Po(1+r)^n.
r = (1.7%/360) / 100% = 0.0000472 = Daily % rate expressed as a decimal.
n = 1 comp./day * 180 days = 180 comp.
periods.
Pt = 4800(1.0000472)^180 = $4840.41.
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