Mathematics, 13.12.2021 01:00 travyse
An elite private college receives large donations from successful alumni. The account that holds these donations has
a balance of $235,000,000.
How much would the account earn in one year of simple interest at a rate of 3.05%?
How much would the account earn in one year at 3.05% if the interest is compounded daily?
How much more interest is earned by compounding daily as compared to simple interest?
Answers: 3
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An elite private college receives large donations from successful alumni. The account that holds the...
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