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You deposit $600 in an account earning 7% coumpound interest for 2 years. Find the future value and the interest earned for each of the following compounding frequencies. Use the Bankers' Rule for daily
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Apr 27, 2024
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You deposit $600 in an account earning 7% coumpound interest for 2 years. Find the future value and the interest earned for each of the following compounding frequencies. Use the Bankers' Rule for daily compounding.
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Answer: in two years you'll have 686.94
Timothy Alston
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May 3, 2024
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