Mathematics, 04.02.2022 15:30 math1325
1, Paul Durant invested $10,000 at 6 percent compounded daily for 4 years and
$10,000 at 6 percent compounded monthly for 1 year. What is the interest
6
earned for 1 year on each investment? What is the effective annual yield for
each investment?
Answers: 2
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1, Paul Durant invested $10,000 at 6 percent compounded daily for 4 years and
$10,000 at 6 percent...
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