By what date will $800 deposited on February 5, 1994, be worth $1643.352 at 12% compounded daily? [1 year = 365 days]

EBK CFIN
6th Edition
ISBN:9781337671743
Author:BESLEY
Publisher:BESLEY
Chapter4: Time Value Of Money
Section: Chapter Questions
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JJ. 172.

By what date will $800 deposited on February 5, 1994, be worth $1643.352 at 12% compounded daily? [1 year = 365 days]
Transcribed Image Text:By what date will $800 deposited on February 5, 1994, be worth $1643.352 at 12% compounded daily? [1 year = 365 days]
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