Question
26. On May 1, 1950, M deposited $100 in a savings account which pays 3% compound continued to make similar deposits every six months thereafter.
26. On May 1, 1950, M deposited $100 in a savings account which pays 3% compound continued to make similar deposits every six months thereafter. After May 1, 196 compounded semiannually. How much will be to his credit just after the deposit or Hint. 100.01s (1.02) + 100.00
1962 the bank paid 4%
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Monetary Policy And Public Finance
Authors: G. C. Hockley
1st Edition
1138704792, 978-1138704794
