Question

2) Eduardo put some money into an account 15 years ago that paid 6% interest compounded

weekly. The accout now has $500,000 in it. How much money did he start with?

Answer 1

Answer:but you count the exact number of days you have held the money in computing the interest. To use ... The interest I earn on the account is the interest the bank pays ... account earns 7.5% interest, compounded yearly, and no further deposits or withdraws are ... 1, 2001 was 2 years interest on $575, plus the $1,500 deposit:.