Question
Janet's savings account balance is $164.77 today. She opened the account exactly 5 years ago with a single deposit. Janet has made no other deposits
Janet's savings account balance is $164.77 today. She opened the account exactly 5 years ago with a single deposit. Janet has made no other deposits and no withdrawals. The account earns a 0.60% annual percentage rate of interest, compounded daily. What was Janet's initial deposit?
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Analysis For Financial Management
Authors: Robert Higgins
7th Edition
0072863641, 9780072863642
