Suppose you deposited $8,000 in a bank account that pays 5.25% with daily compounding based on a 360-day year. How much
-
- Site Admin
- Posts: 899603
- Joined: Mon Aug 02, 2021 8:13 am
Suppose you deposited $8,000 in a bank account that pays 5.25% with daily compounding based on a 360-day year. How much
Suppose you deposited $8,000 in a bank account that pays 5.25%with daily compounding based on a 360-day year. How much would bein the account after 8 months, assuming each month has 30 days?