On January 1, you deposit K100 in an account that pays a nominal interest rate of 11.33463%, with daily compounding. How much will you have on October 1, or after 9 months? (273 days)
On January 1, you deposit K100 in an account that pays a nominal interest rate of 11.33463%, with daily compounding. How much will you have on October 1, or after 9 months? (273 days)
Chapter5: The Time Value Of Money
Section: Chapter Questions
Problem 1P
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On January 1, you deposit K100 in an account that pays a nominal interest rate of 11.33463%, with daily compounding. How much will you have on October 1, or after 9 months? (273 days) |
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