Question
Suppose that you deposit $ 1,000 today in account with an APR of 5% compounded daily. How much more interest will you have earned at
Suppose that you deposit $ 1,000 today in account with an APR of 5% compounded daily. How much more interest will you have earned at the end of 5 years compared to an account paying simple interest? Round your final answer to two decimals.
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Banking And Finance
Authors: Brian Duignan
1st Edition
1615308946, 978-1615308941
