Question
Each day, you deposit $3.24 into a bank account whose annual rate is 2.2% with daily compounding. How much interest will you have earned after
Each day, you deposit $3.24 into a bank account whose annual rate is 2.2% with daily compounding. How much interest will you have earned after 12 years?
Round your answer to the nearest dollar.
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Probability and Random Processes With Applications to Signal Processing and Communications
Authors: Scott Miller, Donald Childers
2nd edition
123869811, 978-0121726515, 121726517, 978-0130200716, 978-0123869814
