If the bank quotes interest of 12% per annum, and there are 52.15 weeks, how much interest

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If the bank quotes interest of 12% per annum, and there are 52.15 weeks, how much interest do you earn on a deposit of $100,000 over 1 year?

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Corporate Finance An Introduction

ISBN: 9780321277992

1st Edition

Authors: Ivo Welch

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Question Posted: Oct 25, 2024 08:00 AM

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If the bank quotes interest of 12% per annum, and there are 52.15 weeks, how much interest do you earn on a deposit of $100,000 over 1 year?
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If the bank quotes interest of 12% per annum, and there are 52.15 weeks, how much interest

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Corporate Finance An Introduction

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