Business, 26.06.2019 06:20 dunk36

Republic bank pays 3.25% interest, compounded monthly. (1) what is your average daily balance for march? (2) how much interest will you have earned if you have the following transactions? (march has 31 days) date account activity balance march 1 beginning balance $6,500 march 16 withdraw $1,500 $5,000 march 28 deposit $700 $5,700 $5,500 average daily balance; $15.18 in interest $5,816.13 average daily balance; $16.05 in interest $5,819.35 average daily balance; $15.54 in interest $6,010 average daily balance; $16.59 in interest

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Republic bank pays 3.25% interest, compounded monthly. (1) what is your average daily balance for ma...

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