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Suppose you have deposited $ 5 0 , 0 0 0 at a nominal interest rate, j 4 = 0 . 0 8 on January

Suppose you have deposited $50,000 at a nominal interest rate, j4=0.08 on January 1st of 2023 that you like to withdraw on November 1st,2026. How much accumulated value you will receive?
Please calculate the accumulated value with both exact and practical methods of using fractional period of time. For both the methods, please calculate separately considering fractional number of months and fractional number of days. Please try to fill in the box provided below with your suggested answers:
\table[[,\table[[Deposited],[on]],Method,\table[[Consideration],[for]],\table[[Interest/],[period]],\table[[Compound],[Int. periods]],\table[[Simple],[Interest]],\table[[Maturity],[Value on]]],[,\table[[\table[[January 1st,],[2023]]]],,\table[[Fractional],[period]],i=j_(4)/4,n,\table[[Months /],[Days]],\table[[November],[1st 2026]]],[1,\table[[$ 50,000]],\table[[Exact],[Method],[Exact]],\table[[Months]],\table[[0.02]],,,],[2,$ 50,000,Method,Days,0.02,,,],[3,$ 50,000,\table[[Practical],[Method]],Months,0.02,,,],[4,$ 50,000,Method,Days,0.02,,,]]
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