eduardabgar eduardabgar

16-02-2020
Mathematics

contestada

If I wish to have $60,000 in 4 years how much do I have to deposit in the bank if the account pays a fixed interest rate of 10% once a month which is compounded on a daily basis ?

Respuesta :

sweetj05 sweetj05

16-02-2020

1,500

60,000/4= 15,000

15,000(0.10)= 1,500

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