Solved: Butcher credit bank is offering 47 percent compounded daily, Finance Basics

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Butcher credit bank is offering 47 percent compounded daily

Calculating Future Values. Butcher Credit Bank is offering 4.7 percent compounded daily on its savings accounts. If you deposit $3,650 today, how much will you have in the account in five years? Remember to convert to DAILY COMPOUNDING (divided annual interest rate by 365 and convert time by multiplying by 365)

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Finance Basics: Butcher credit bank is offering 47 percent compounded daily

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