question archive Jack receives monthly payments of $4500 at the end of each month into a bank account
Jack receives monthly payments of $4500 at the end of each month into a bank account
Subject:FinancePrice: Bought3
Jack receives monthly payments of $4500 at the end of each month into a bank account. His bank him an interest rate his savings of 3.0% per annum compounded daily.
A) How much will Jack have after 12 months assuming he does not withdraw any money between now and then?
Jack will have $------ after 12 months
