Wednesday

August 27, 2014

August 27, 2014

Posted by **Dave** on Sunday, January 27, 2013 at 7:50pm.

- I NEED MATH HELP -
**Henry**, Tuesday, January 29, 2013 at 8:38pmP = Po(1+r)^n.

r = (2%/365)/100% = 5.48*10^-5 = Daily %

rate expressed as a decimal.

n = 365Comp/yr * 3yrs = 1095 Compounding

periods.

Plug the above values into the given Eq

and solve for P.

Answer: P = $25,484.19

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