When I enter these numbers in, my calculator displays 0 (i’m assuming it’s doing some rounding shenanigans)
$1Million(1.03/365)^(365*4) = 0
But Mark Meldrum is getting 1.127M.
Calculator setting issue? I’m on 9 decimal places.
The expression should be 1000000 x (1 + 0.03/365)^(365*4) = 1,127,491.292
We’re investing $1,000,000 at 3% compounded daily for 4 years assuming 365 days/year.
I have spotted my error, thank you kind sir/madam