# Math/Finance

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How much would an initial investment of \$500 be worth in 90 days if it earned 3% daily?

• Math/Finance -

I am sure you meant
3% per annum, compounded daily

i = .03/365 = .000082191

amount = 500(1.000082191)^90 = 503.71

If you actually meant 3% per day, wow, ...

amount = 500(1.03)^90 = 7150.23

• Math/Finance -

sharon is that you?

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