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

jeff jeffy answered 2 years ago

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