SOLUTION: The daily interest multiplier for a savings account paying 2% annual interest for
180 days is 1.010050. What compound amount will be in a savings account if
$5,000 is on deposit
Algebra.Com
Question 1188820: The daily interest multiplier for a savings account paying 2% annual interest for
180 days is 1.010050. What compound amount will be in a savings account if
$5,000 is on deposit in the savings account for 180 days?
Answer by ikleyn(52787) (Show Source): You can put this solution on YOUR website!
.
Sorry, you incorrectly use the words and the terms in your post.
The number of 1.0100050 is not a daily interest multiplier in this problem.
It is half-a-year compounding interest multiplier.
When the problem will come in correct form to the forum, you may expect to get a solution.
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