Question
If Dominion Bank also pays 3.25% annual interest, compounded daily. If you had the following deposits and withdrawals, calculate the amount of interest you
If Dominion Bank also pays 3.25% annual interest, compounded daily. If you had the following deposits and withdrawals, calculate the amount of interest you would have earned at Dominion bank during the month of March. (March has 31 days) DATE March 1 March 10 March 28 ACCOUNT withdraw $1,500 deposit $700 ACTIVITY BALANCE beginning balance $6,500 ???? ????
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Answer Balance Days Interest 6500 15 869 5000 12 535 5700 4 203 Total Interest Earned 1606 First 65...Get Instant Access to Expert-Tailored Solutions
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