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Peace
Lv 5
Peace asked in Science & MathematicsMathematics · 5 years ago

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
  • 5 years ago

    In 5 years there are 1 or 2 leap years. That affects the total number of days.

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