math

posted by .

Find the amount of compound interest earned in an account that opens with $23,000, earns 3.3% interest compounded daily, and is held for 25 years. Assume 360 days in a year.

  • math -

    Wow, good thing we have calculators

    I suggest you use the memory of your calculator to store the i value

    i = .033/360 = .0000916667
    n = 25*360 = 9000

    amount = 23000(1.00009166667)^9000
    = 52480.10

Respond to this Question

First Name
School Subject
Your Answer

Similar Questions

  1. MATH

    Find the amount of compound interest earned in an account that opens with $21,000, earns 5.5% interest compounded daily, and is held for 20 years. Assume 360 days in a year. (Round your answer to the nearest cent.)
  2. algebra

    Find the amount of compound interest earned in an account that opens with $21,000, earns 4.2% interest compounded daily, and is held for 5 years. Assume 360 days in a year.
  3. algebra/math

    Find the amount of compound interest earned in an account that opens with $24,000, earns 3.5% interest compounded daily, and is held for 10 years. Assume 360 days in a year. (Round your answer to the nearest cent.) $
  4. math

    Find the amount of compound interest earned in an account that opens with $21,000, earns 5.4% interest compounded daily, and is held for 15 years. Assume 360 days in a year. (Round your answer to the nearest cent.)
  5. ALGEBRA

    Find the amount of compound interest earned in an account that opens with $29,000, earns 7.5% interest compounded daily, and is held for 5 years. Assume 360 days in a year. (Round your answer to the nearest cent.)
  6. ALGEBRA

    Find the amount of compound interest earned in an account that opens with $23,000, earns 3.9% interest compounded daily, and is held for 15 years. Assume 360 days in a year. (Round your answer to the nearest cent.)
  7. Math

    Find the amount of compound interest earned in an account that opens with $27,000, earns 5.8% interest compounded daily, and is held for 5 years. Assume 360 days in a year. (Round your answer to the nearest cent.)
  8. math

    Find the amount of compound interest earned in an account that opens with $23,000, earns 4.3% interest compounded daily, and is held for 10 years. Assume 360 days in a year. (Round your answer to the nearest cent.) $ 1
  9. Finance

    Find the amount of compound interest earned in an account that opens with $24,000, earns 7.8% interest compounded daily, and is held for 20 years. Assume 360 days in a year. (Round your answer to the nearest cent.)
  10. algebra

    Find the amount of compound interest earned in an account that opens with $24,000, earns 7.7% interest compounded daily, and is held for 15 years. Assume 360 days in a year.

More Similar Questions