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Bank Formula for CD that is compounded daily for five years
Does any one how to make a formula in Excel 2002 for a CD
rate of 3.6@ that goes for 5 years and the interest is compounded daily. What would be the total at the end of the five years. The other part of this if the intersst were sent to the bank at the end of each month. how much would it be per month. I have the formula set all but the compounded daily part. Thanks for any help. TC |
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