Asked by Michael
. Seth’s current bank offers a 1-year certificate of deposit account paying 2% compounded semiannually. A competitor bank is also offering 2%; but compounded daily. If Seth invests the $100,000, how much more money will he have in the second bank after one year, due to the daily compounding?
Answers
Answered by
Reed
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Answered by
Michael
how do i figure this answer out im confused
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