Question
You need $15,000 for a new car. If you can deposit $10,000 today into an account that pays an APR of 5.5% based on daily
You need $15,000 for a new car. If you can deposit $10,000 today into an account that pays an APR of 5.5% based on daily compounding, how long will it take for you to be able to buy the new car? What if a bank quote annual compounding, how long will it take?
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Public Finance Lessons From The Past And Effects On The Future
Authors: Miguel-Angel Galindo Martin
1st Edition
1629481491, 978-1629481494
