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How much would $4,800.00 compounded daily at 1.7% be after 6months?

  • math -

    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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