Suppose you deposited $27,000 in a bank account that pays 5.25% with daily compounding based on a
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Question:
Suppose you deposited $27,000 in a bank account that pays 5.25% with daily compounding based on a 360-day year. How much would be in the account after 8 months, assuming each month has 30 days?
I know the answer is 26,926.04 but how do you solve this with financial calculator?
Related Book For
Fundamentals of Physics
ISBN: 978-0471758013
8th Extended edition
Authors: Jearl Walker, Halliday Resnick
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