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) About Me  (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

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