Assuming an interest rate of 2.25% per annum, a monthly compounding period, and the following account information for the month of June 2022, find the amount of interest that will be credited to the client's account for the month of June 2022. (Use the equivalence 1 year = 365 days.) 

Given the following account information for the month of October 2022, find the average daily balance. C.)Given the following account information for the month of October 2022, find the accumulated balance from October 25 to October 31.

 

 

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Date 06/01/2022 06/06/2022 06/13/2022 06/25/2022 Balance Php75,000 Php60,000 Php50,000 Php65,000 Date 06/01/2022 06/06/2022 06/13/2022 06/25/2022 Balance Php75,000 Php60,000 Php50,000 Php65,000

Answer rating: 100% (QA)

Interest rate per month Annual Interest Rate12 22512 01875 Average balan... View the full answer