Chapter 5.2, Problem 76E

If $\$1,000$ is deposited into an account that earns $5\%$ interest compounded daily, the doubling time is approximately 5, 061 days.

a. Find the amount in the account after $5,061$ days.

b. Find the amount in the account after $2\cdot 5,061$ days.

c. Find the amount in the account after $3\cdot 5,061$ days.

d. Find the amount in the account after $4\cdot 5,061$ days.

e. What conclusion can you make?