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Calculate return if bank compounds annually

Problem: Suppose you deposit $10,000 dollars for 2 years at a rate of 10%. Calculate the return (A) if the bank compounds annually (n = 1) Round your answer to the hundredth's place.

Now calculate the return (A) if the bank compounds quarterly (n=4).

Now calculate the return (A) if the bank compounds monthly (n=12).

Now calculate the return (A) if the bank compounds daily (n = 365 ).

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Finance Basics: Calculate return if bank compounds annually

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