Write an equation that would you calculate the future value of a savings account that pays 5.2% interest compounded daily if the present value is $10,000. you will keep the savings account for 20 years and make no payments into it.

Step-by-step explanation:

The compound amount formula is A = P(1 + r/n)^(n*t), where n is the number of times interest is compounded per year and t is the number of years.

We could let n = 365 (since there are 365 days in each year).  Then,

A = P(1 + r/365)^(365*t).

Then, in this case,  A = $10,000(1 + 0.052/365)^(365*20), or

                                A = $10,000(1 + 0.000142)^7300, or

                                A = $10,000(2.829)    

                                 A = $28,290.07

i believe the answer is 323 ft

step-by-step explanation:

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