Time Value Money

[Acecustis]

Each day you throw $3 into your piggy bank. At the end of each year you take the money to an investment adviser who puts the money into a mutual fund in which you expect to earn 11% per year on your money.

How much do you have at the end of 40 years?

Using the Financial Calculator I used these inputs:

PV = 0
PMT = 1095 (3*365)
N = 40
I/Y = 11%

My FV = 637,099.54.

I feel like I should be including leap years which would have added an extra $3 on 10 separate occasions. Any help with these inputs/assumptions? I feel like I'm way off here.

 

[pka]

Each day you throw $3 into your piggy bank. At the end of each year you take the money to an investment adviser who puts the money into a mutual fund in which you expect to earn 11% per year on your money.
How much do you have at the end of 40 years?
My FV = 637,099.54. I feel like I should be including leap years which would have added an extra $3 on 10 separate occasions. Any help with these inputs/assumptions? I feel like I'm way off here.

It seems forever since I taught calculus for business. So I cannot check your numbers.
However, just reading the question leaves the impression it a generic situation so leap years would not come into play.