# math

a money market fund pays 14% annual interest compunded daily. What is the value of \$10,000 invested in this fund after 15 yrs?

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1. R=1+14% p.a.
=1+14%/365 per day
=1.000383562 per day.
Principal
= \$10,000
Amount accumulated after 15 years
=\$10,000*1.000383562^(15*365)
=\$81628.83

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