The answer is 8.5% interest compounded daily.
EXPLANATION
Regardless of your rate, the more often interest is paid, the more beneficial the effects of compound interest.
A daily interest account, which has 360 compounding periods a year, in this case, will generate more money than an account with an annual compounding, which has one compounding period per year.
The answer would be negative fifty two
-52
X+58=6
58-6=52
So the answer would be negative 52
Answer:
Step-by-step explanation:
1221 x 1221 = 1490841
square root of 1490841 is 1221
Answer:
If we divide that by 15 years, we get an annual yield of
$3,000 per year.
Step-by-step explanation:
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