Problem 6.17 – Future Value of a Deposit in Spartan Credit Bank’s Savings Account

Fundamentals of Corporate Finance

Ross, Westerfield, and Jordan

13th Edition

5
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Difficulty – Medium

What will be the future value of a deposit with an initial amount, deposited in Spartan Credit Bank's savings account with a daily compounding interest rate of 8.3% after 5, 10, and 20 years? (Your numbers will vary)

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