Question: Suppose You Deposited $27,000 In A Bank Account That Pays 5.25% With Daily Compounding Based On A 360-day Year. How Much Would Be In The Account After 8 Months, Assuming Each Month Has 30 Days? I Know The Answer Is 26,926.04 But How Do You Solve This With Financial Calculator?
Suppose you deposited $27,000 in a bank account that pays 5.25%with daily compounding based on a 360-day year. How much would bein the account after 8 months, assuming each month has 30 days?
I know the answer is 26,926.04 but how do you solve this withfinancial calculator?
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