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$1450 was invested by Karla at 12% for 1 years compounded daily. How much did Karla have at the end of the investment?
11 years ago

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Steve
1450(1+.12/365)^(365*1) = 1634.84

Some problems specify that we use 360 days per year. In that case, change the expression as needed.
11 years ago

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