SOLUTION: compute the amount earned on $100,000 invested at 3.26% APR in one year if compounding is taking place daily
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Question 938082: compute the amount earned on $100,000 invested at 3.26% APR in one year if compounding is taking place daily
Answer by ewatrrr(24785) (Show Source): You can put this solution on YOUR website!
In General
A = Accumulated Amount
P= principal = $100,000
r= annual rate = .0326
n= periods per year = daily (365)
t= years = 1
....
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