Question
Johnny invests in a fund by depositing $10000 on March 1st. The account earns interest at 5% per annum. Let the interest be calculated
Johnny invests in a fund by depositing $10000 on March 1st. The account earns interest at 5% per annum. Let the interest be calculated daily and paid at the end of half-year, where the next half-year end is June 30th. What is the total interest earned by December 31st?
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Personal Finance
Authors: Thomas Garman, Raymond Forgue
12th edition
9781305176409, 1133595839, 1305176405, 978-1133595830
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