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Peace
Lv 5
compound interest question?
question:
Update:
You borrow $2656 and in 5 years you want to pay back the amount at 4.25% compounded DAILY
how much is the future value?
- i kept getting $3284 but the answer is a little less than that
1 Answer
Relevance
- MichelleLv 65 years ago
In 5 years there are 1 or 2 leap years. That affects the total number of days.
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