John McCormick has found a short-term investment opportunity. He can invest $8,000 at 0.5% interest for 15

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John McCormick has found a short-term investment opportunity. He can invest $8,000 at 0.5% interest for 15 days. How much interest will he earn on this investment if the interest is compounded daily?

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Business Math

ISBN: 978-0133011203

10th edition

Authors: Cheryl Cleaves, Margie Hobbs, Jeffrey Noble

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Question Posted: Mar 11, 2016 01:52 AM

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John McCormick has found a short-term investment opportunity. He can invest $8,000 at 0.5% interest for 15

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Business Math

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