In: Finance
If you put 4 billion Riels in a bank today, how much will you have two years from now, if the rate is 1.809%, compounded daily?
Ans $ 4,147,366,127.07
FV = | Future Value |
PV = | Present Value |
r = | rate of interest |
n= | no of period |
FV = | PV (1 + r )^n |
FV = | 4000000000*(1+1.809%/365)^730 |
FV = | 4147366127.07 |