Question 1134099
How many days are they asking you to use for the year? 360 or 365? I'll use 365, but financial markets mostly use 360 days. If you need 360 days, replace 365 with 360 and re-run the numbers
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9500(1+(0.04/365))^365*4
9500(1.1735) = 11148.25 this is the compound amount