You put 280,000 dollars in a bank which gives you 0.75% interest compounded daily. If you leave that amount in the bank for an entire year, how much interest you will earn at the end of the year? ( 2,000 2,100 210 None of the above
You put 280,000 dollars in a bank which gives you 0.75% interest compounded daily. If you leave that amount in the bank for an entire year, how much interest you will earn at the end of the year? ( 2,000 2,100 210 None of the above
Chapter5: The Time Value Of Money
Section: Chapter Questions
Problem 1P
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You put 280,000 dollars in a bank which gives you 0.75% interest compounded daily. If you leave that amount in the bank for an entire year, how much interest you will earn at the end of the year? (
2,000
2,100
210
None of the above
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