Question
You deposit $300 in an account earning 7% coumpound interest for 2 years. Find the future...
You deposit $300 in an account earning 7% coumpound interest for
2 years. Find the future value and the interest earned for each of
the following compounding frequencies. Use the Bankers' Rule for
daily compounding.
| Frequency | Future Value | Interest Earned |
|---|---|---|
| Annually: | ||
| Semiannually: | ||
| Quarterly: | ||
| Monthly: | ||
| Daily: |
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