PPT Slide

iPer = 10.0% / 365

= 0.027397% per day.

FV=?

0

1

2

273

0.027397%

-100

Note: % in calculator, decimal in equation.

?

?

?

?

FV

=

$100

1.00027397

=

$100

1.07765

=

$107.77.

273

273

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