Question

In: Finance

If you put 4 billion Riels in a bank today, how much will you have two...

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?

Solutions

Expert Solution

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

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