Question
Suppose that on January 1 you deposit $100 in an account that pays a nominal (or quoted) interestrate of 11.33463%, with interest added (compounded) daily.
Suppose that on January 1 you deposit $100 in an account that pays a nominal (or quoted) interestrate of 11.33463%, with interest added (compounded) daily. How much will you have in your accounton October 1, or 9 months later?
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Fundamentals of Financial Management
Authors: Eugene F. Brigham
Concise 9th Edition
1305635937, 1305635930, 978-1305635937
