Wednesday
September 2, 2015

Homework Help: Finance

Posted by cortesa on Wednesday, April 6, 2011 at 11:40pm.

You have just placed $1,500 in a bank savings deposit and plan to hold that
deposit for eight years, earning 5 percent per annum. If the bank compounds interest daily, what will be the total value of the deposit in eight years? How does your answer change if the bank switches to monthly compounding? Quarterly compounding?

Answer this Question

First Name:
School Subject:
Answer:

Related Questions

More Related Questions

Members