Tom deposits 100 in a bank nominal interest rate is 10 how


Tom deposits $100 in a bank; nominal interest rate is 10%. How much interest rate will he earn after

(a) 1 day (continuously compound)

(b) 6 months (compound monthly)

(c) 120 days (compounded daily)

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Financial Management: Tom deposits 100 in a bank nominal interest rate is 10 how
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