# 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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2. 👎 0
3. 👁 48
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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2. 👎 0
posted by Reiny

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