SOLUTION: The bank is currently paying interest at a rate of 4% a year. If I keep my money in there for 6 months, how much interest will I earn on 532.85?
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Question 799505: The bank is currently paying interest at a rate of 4% a year. If I keep my money in there for 6 months, how much interest will I earn on 532.85?
Answer by solver91311(24713) (Show Source): You can put this solution on YOUR website!
Depends on the compounding periods and when the pay interest relative to when you withdraw the money.
John
Egw to Beta kai to Sigma
My calculator said it, I believe it, that settles it
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