1 Find the interest earned. Assume 3% interest compounded daily. 2 Assume 365 day year (non-leap year). Amount $6400 Date Date Deposited Withdrawn February 11 April 9 What is the amount of interest earned? 69 Interest Earned $ (Round to the nearest cent as needed.)

Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
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Find the interest eamed. Assume 32% interest compounded daily.
Assume 365 day year (non-leap year).
Amount
$6400
ctor
Date
Deposited
February 11
What is the amount of interest earned?
Date
Withdrawn
April 9
Search
Interest
Earned
$
S (Round to the nearest cent as needed.)
Transcribed Image Text:Find the interest eamed. Assume 32% interest compounded daily. Assume 365 day year (non-leap year). Amount $6400 ctor Date Deposited February 11 What is the amount of interest earned? Date Withdrawn April 9 Search Interest Earned $ S (Round to the nearest cent as needed.)
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