Question
Austin makes a single deposit of $1000 in an account that pays 12% annual interest, compounded daily. After how many years will Austin have $1,000,000
Austin makes a single deposit of $1000 in an account that pays 12% annual interest, compounded daily. After how many years will Austin have $1,000,000 in the account? Show equations being used.
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Fundamentals of Financial Management
Authors: Eugene F. Brigham, Joel F. Houston
Concise 6th Edition
324664559, 978-0324664553
