is there a formula for calculating daily compounding on a CD?

Giganews Newsgroups
Subject: is there a formula for calculating daily compounding on a CD?
Posted by:  bryantsheriff
Date: Thu, 1 Jun 2006

i am trying to calculate daily compounding interest on a certificate of
deposit, but don't want to take up 365 lines to do so.  is there formula that
can calculate it more simply?

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