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5000(1+0.06/365)365*10

 Sep 24, 2015
 #1
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5000(1+0.06/365)365*10

do parentheses first

(1+0.06/365)

0.06/365=.00016438356

1+.00016438356= 1.00016438356

5000(1.00016438356)365*10

now you just multiply across

5000*1.00016438356=5000.8219178

5000.8219178*365=1825300

1825300*10=18253000

 Sep 24, 2015
 #2
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5000(1+0.06/365)365*10

5000(1+.000164383)3650

5000(1.000164383)3650

=18,252,999.99

Well, this is the answer for the way you have written it!. Somehow, I have the feeling that you are trying to figure an investment of $5,000 @ 6% compounded daily for 10 years. If my hunch is right then this is your answer for that problem: $9,110.14. Good luck.

 Sep 24, 2015

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