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

EBK CONTEMPORARY FINANCIAL MANAGEMENT
14th Edition
ISBN:9781337514835
Author:MOYER
Publisher:MOYER
Chapter5: The Time Value Of Money
Section: Chapter Questions
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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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