You inherit $200,000 and decide to invest it for 28 days compounded daily at 6% annual interest.
Question:
a) How much interest is earned on this investment?
b) How much money will you have to invest in the startup after the 28 days?
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Related Book For
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
Question Posted:
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