Compounding: Richard Delgado invested $10,000 in a money market account that will pay 5.75 percent compounded daily. How much will the interest-on-interest be after two years?
A) $1,218.63
B) $1,150.00
C) $33.06
D) $68.63
Answer: D
Compounding: Richard Delgado invested $10,000 in a money market account that will pay 5.75 percent compounded daily. How much will the interest-on-interest be after two years?
A) $1,218.63
B) $1,150.00
C) $33.06
D) $68.63
Answer: D
If the answers is incorrect or not given, you can answer the above question in the comment box. If the answers is incorrect or not given, you can answer the above question in the comment box.