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Pamela places $0.10 a day in a savings account. The interest in the account compounds daily. At the end of two years she has $2,000
Pamela places $0.10 a day in a savings account. The interest in the account compounds daily. At the end of two years she has $2,000 in the account. What is the APR (looking for I/YR) on this account? (Assume 365 days per year.) P/YR = 365
This is an ordinary annuity, so no "BEGIN" on the calculator
a. 148.620
b. 246.483
c. 369.325
d. 469.366
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