If Dominion Bank also pays 3.25% annual interest, compounded daily. If you had the following deposits...
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If Dominion Bank also pays 3.25% annual interest, compounded daily. If you had the following deposits and withdrawals, calculate the amount of interest you would have earned at Dominion bank during the month of March. (March has 31 days) DATE March 1 March 10 March 28 ACCOUNT withdraw $1,500 deposit $700 ACTIVITY BALANCE beginning balance $6,500 ???? ???? If Dominion Bank also pays 3.25% annual interest, compounded daily. If you had the following deposits and withdrawals, calculate the amount of interest you would have earned at Dominion bank during the month of March. (March has 31 days) DATE March 1 March 10 March 28 ACCOUNT withdraw $1,500 deposit $700 ACTIVITY BALANCE beginning balance $6,500 ???? ????
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Answer rating: 100% (QA)
Answer Balance Days Interest 6500 15 869 5000 12 535 5700 4 203 Total Interest Earned 1606 First 65... View the full answer
Related Book For
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
Posted Date:
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