If you put $ 500 in the bank today and leave it for 10 years, will you

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If you put $ 500 in the bank today and leave it for 10 years, will you have more money if the bank pays you 4.25 percent per annum in simple interest or 3.65 percent per year and compounds the interest daily? Support your answer.

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Financial Management for Public Health and Not for Profit Organizations

ISBN: 978-0132805667

4th edition

Authors: Steven A. Finkler, Thad Calabrese

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Question Posted: Dec 19, 2014 12:08 PM

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If you put $ 500 in the bank today and leave it for 10 years, will you

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Financial Management for Public Health and Not for Profit Organizations

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