11. Paul Koski deposited $21,000 in a savings account on April 1 and then deposited an additional $3500 in the account on May 7. Find the balance on June 30 assuming an interest rate of 3-% compounded daily.
11. Paul Koski deposited $21,000 in a savings account on April 1 and then deposited an additional $3500 in the account on May 7. Find the balance on June 30 assuming an interest rate of 3-% compounded daily.
Chapter5: The Time Value Of Money
Section: Chapter Questions
Problem 36P
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