Adair has deposited $361 in a savings account that earns interest at a rate of 1.3% compounded daily. What will the account balance be in 16 years?

Question

anonymous · Answer

$444.47
		$580.02
		$469.30
		$365.69

anonymous · Answer

I keep getting an overflow error but im pretty sure im doing it right, im using the formula my teacher gave me :(

dumbcow · Answer

B = 361(1+.013/365)^16*365

B = 444.47

dumbcow · Answer

its probably your calculator can't handle those small numbers raised to that large a power

anonymous · Answer

thats what I did :( , thank you ! yea that probably it o.O

dumbcow · Answer

i used a graphing calc, it worked fine

anonymous · Answer

oh i hav to get one of those haha