Question
Suppose you deposited $5,000 in a bank account that pays 6% with daily compounding and a 360-day year. How much could you withdraw after 7
Suppose you deposited $5,000 in a bank account that pays 6% with daily compounding and a 360-day year. How much could you withdraw after 7 months, assuming each month has 30 days?
| $5,854.13 | ||
| $5,591.45 | ||
| $5,324.89 | ||
| $5,011.87 | ||
| $5,178.08 |
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The Basics Of Public Budgeting And Financial Management
Authors: Charles E. Menifield
4th Edition
0761872116, 978-0761872115
