Answer:
- $1020.00000
- $1020.15050
- $1020.18436
- $1020.19742
- $1020.20078
Explanation:
You want to find the effect of compounding 2% annual interest on $1000 at different intervals for a year. The intervals are ...
- 1 per year
- 4 per year
- 12 per year
- 52 per year
- 365 per year
Calculator
The attached calculator display shows the result:
- yearly: $1020.00000
- quarterly: $1020.15050
- monthly: $1020.18436
- weekly: $1020.19742
- daily: $1020.20078