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

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  1. i = .043/360 = .000119444
    n = 12(360) = 3600

    amount = 23000(1.000119444)^3600
    = 35356.0145

    = $35,356.01

    Keystrokes on my calculator:
    .043รท360
    =
    +1
    =
    yx
    3600
    =
    x 23000
    = ........ to get 35356.01

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    posted by Reiny

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