Question
Janet's savings account balance is $900.76 today. She opened the account exactly 2 years ago with a single deposit. Janet has made no other deposits
Janet's savings account balance is $900.76 today. She opened the account exactly 2 years ago with a single deposit. Janet has made no other deposits and no withdrawals. The account earns a 0.70% annual percentage rate of interest, compounded daily. What was Janet's initial deposit?
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Advanced Bond Portfolio Management
Authors: Frank J. Fabozzi, Lionel Martellini, Philippe Priaulet
1st Edition
0471678902, 9780471678908
