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March 4, 2015

March 4, 2015

Posted by **Kay** on Monday, August 6, 2012 at 2:18pm.

- Math -
**Henry**, Wednesday, August 8, 2012 at 12:30pmP = Po(1+r)^n.

Po = $27,000.

r = (5.8%/360) / 100% = 0.00016111 =

Daily % rate expressed as a decimal.

n = 360Comp./yr * 5yrs=1800 Compounding

periods.

Plug the above values into the given Eq

and solve for P.

P = $36,082.70.

Int. = P - Po

- Math -
**Anonymous**, Monday, December 17, 2012 at 2:41pm9082.70

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