Question
Compound Interest. Old time savings bank pays 4% interest on its savings accounts. If you deposit $1,000 in the bank and leave it there: a.
Compound Interest. Old time savings bank pays 4% interest on its savings accounts. If you deposit $1,000 in the bank and leave it there:
a. how much interest will you earn in the first year?
b. how much interest will you earn in the second year?
c. how much interest will you earn in the tenth year?
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The Handbook Of Equity Market Anomalies
Authors: Leonard Zacks
1st Edition
0470905905, 978-0470905906
