Question
In: Finance
A local business deposited $430,000 in a 2-year time deposit earning 4% compounded daily. At maturity,...
A local business deposited $430,000 in a 2-year time deposit earning 4% compounded daily. At maturity, what is the compound amount and interest earned? Round to the nearest cent.
A. 465,811.40; 35,811.40
B 525,196.01 ; 95,196.01
C 484,820.46 ; 54,820.46
D 475,220.24 ; 45,220.24
Solutions
jeff jeffy answered 1 year agoRelated Solutions
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