Explain to me why 9% annual interest compounded daily provides a 9.42% yield. Compound Interest Tables Comparison
Fantastic news! We've Found the answer you've been seeking!
Question:
Explain to me why 9% annual interest compounded daily provides a 9.42% yield.
Compound Interest Tables Comparison of Different Compounding Periods A 9% annual interest compounded daily provides a 9.42% yield. Effective Yield for a $10,000 investment.
Related Book For
Financial Accounting Information For Decisions
ISBN: 978-0324672701
6th Edition
Authors: Robert w Ingram, Thomas L Albright
Posted Date: