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Home > CALC > Chapter 6 > Lesson 6.4.2 > Problem 6-147


The Business Section of the Metropolis Express lists Megabux Bank as paying compounded daily on a deposit, for a "yield" (or overall gain) of .

  1. Compute how much the initial deposit will be worth one year after it is deposited at Megabux.

  2. Confirm the "yield."

    Refer to hint in part (a).

  3. When will the initial deposit be worth ?