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Math of Finance | Compounding interest example given dates with BA II plus calculator
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Dr. Kate Zhang, Professor at Humber College solving: Compounding interest example given dates with BA II plus calculator
Question 6: Bernard deposited $1000 into an investment plan account on Aug.11, 2017. He then invested an additional $500 on May.29, 2018. What will be the balance in Bernard’s investment account on August.1, 2025, if the plan earns a fixed rate of interest of 5% compounded daily?
Question 6: Bernard deposited $1000 into an investment plan account on Aug.11, 2017. He then invested an additional $500 on May.29, 2018. What will be the balance in Bernard’s investment account on August.1, 2025, if the plan earns a fixed rate of interest of 5% compounded daily?
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