Mathematics, 13.12.2021 01:00 travyse

An elite private college receives large donations from successful alumni. The account that holds these donations has a balance of $235,000,000.

How much would the account earn in one year of simple interest at a rate of 3.05%?

How much would the account earn in one year at 3.05% if the interest is compounded daily?

How much more interest is earned by compounding daily as compared to simple interest?

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An elite private college receives large donations from successful alumni. The account that holds the...

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