Ajax Savings Bank has certificate of deposit notes with a face value of $$ 10,000$ with a
Question:
Ajax Savings Bank has certificate of deposit notes with a face value of $\$ 10,000$ with a $10 \%$ interest rate compounded daily. What is the current market price of the $\mathrm{CD}$ if the term of the CD is 3 years?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Related Book For
Question Posted: