Question
Compute the earnings for the year, for a $14,000 savings account that earns 1.5 percent compounded (a) annually, (b) quarterly, (c) monthly, and (d) daily.
Compute the earnings for the year, for a $14,000 savings account that earns 1.5 percent compounded (a) annually, (b) quarterly, (c) monthly, and (d) daily. (Use 365 days a year. Do not round your intermediate calculations and time value factors. Round your final answers to 2 decimal places. Omit the "$" sign in your response.)
| (a) Annually | $ | |
| (b) Quarterly | $ | |
| (c) Monthly | $ | |
| (d) Daily | $ | |
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Financial Intelligence For HR Professionals
Authors: Karen Berman, Joe Knight, John Case
1st Edition
1422119130, 978-1422119136
