Question
Betty makes daily deposits of $5.82 into a savings account. If the account has an annual rate of 2%, how much interest will she earn
Betty makes daily deposits of $5.82 into a savings account. If the account has an annual rate of 2%, how much interest will she earn after 765 days? The correct answer is 96, but I'm not sure why. Could someone explain this?
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Public Finance A Contemporary Application Of Theory To Policy
Authors: David N. Hyman
5th Edition
0030113172, 978-0030113178
