Suppose that on January 1 you deposit $100 in an account that pays a nominal (or quoted)

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Suppose that on January 1 you deposit $100 in an account that pays a nominal (or quoted) interest rate of 11.33463%, with interest added (compounded) daily. How much will you have in your account on October 1, or 9 months later?

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Financial accounting

ISBN: 978-0132751124

9th edition

Authors: Walter T. Harrison Jr., Charles T. Horngren, C. William Thom

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Posted Date: Jun 29, 2018 11:30 AM

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Suppose that on January 1 you deposit $100 in an account that pays a nominal (or quoted)

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Financial accounting

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