You deposit 0K on February 25, 2011.When will the investment be worth $1.2M at 12% interest compounded annually?What if the interest were compounded daily with a standard conversion rate of 1 year = 360 days?Why is the second date earlier?
You deposit 0K on February 25, 2011.When will the investment be worth $1.2M at 12% interest compounded annually?What if the interest were compounded daily with a standard conversion rate of 1 year = 360 days?Why is the second date earlier?
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