Find the compound interest on a $4,000 investment at 0.75% compounded daily for 14 days.Click the icon to view the table of compound interest of $100 compounded daily.The interest is S(Round to the nearest cent as needed.) Compound Interest on $100, Compounded Daily (365 Days) (Exact Time, Exact Interest Basis)Annual rate for selected ratesDays1.00%1.50%1.25%0.001370 0.002055 | 0.002740 0.003425| 0.004110 |0.0047950.0068490.50%0.75%1.75%2.00%2.25%2.50%0.0054790.01095910.0061640.0068490.0027400.0041100.0061650.0082190.0095890.0143840.0054800.0082190.0123290.01369930.0041100.0082190.0102740.0123290.0164390.0184940.02054940.0054800.0109590.0136990.0164390.0191790.0219200.0246600.0274000.0068500.010274 | 0.0136990.008219 0.012329| 0.0164390.014384 0.0191800.0219200.0246600.0171240.0205500.0239750.0274000.0342510.0308260.0369920.0431590.049326 0.0548080.0246600.02877160.0205500.0287710.0328810.04110370.0109590.0383620.0438440.0493260.0095890.0239750.0335660.0479550.0164400.0274010.0328810.0383630.0184950.0205500.0226050.0246600.017810 | 0.0267169.0.0123290.0308260.0369920.0431590.0554930.0616610.0136990.0150700.0164400.0616610.0678290.0739980.080167100.0274010.0342520.0411030.0479560.0548080.0685140.0376780.041104110.0301410.0452150.0527520.0602900.0753680.0328820.035622120.0493260.0575490.0657730.082223130.0445300.0534380.0623470.0712561.089078

Find the compound interest on a $4,000 investment at 0.75% compounded daily for 14 days. | Click the icon to view the table of compound interest of $100 compounded daily. The interest is S]. (Round to the nearest cent as needed.)

Find the compound interest on a $4,000 investment at 0.75% compounded daily for 14 days. | Click the icon to view the table of compound interest of $100 compounded daily. The interest is S]. (Round to the nearest cent as needed.)

Essentials Of Investments

11th Edition

ISBN:9781260013924

Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Chapter1: Investments: Background And Issues

Section: Chapter Questions

Problem 1PS

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Question

Find the compound interest on a $4,000 investment at 0.75% compounded daily for 14 days.
Click the icon to view the table of compound interest of $100 compounded daily.
The interest is S
(Round to the nearest cent as needed.)

Compound Interest on $100, Compounded Daily (365 Days) (Exact Time, Exact Interest Basis)
Annual rate for selected rates
Days
1.00%
1.50%
1.25%
0.001370 0.002055 | 0.002740 0.003425| 0.004110 |0.004795
0.006849
0.50%
0.75%
1.75%
2.00%
2.25%
2.50%
0.005479
0.010959
1
0.006164
0.006849
0.002740
0.004110
0.006165
0.008219
0.009589
0.014384
0.005480
0.008219
0.012329
0.013699
3
0.004110
0.008219
0.010274
0.012329
0.016439
0.018494
0.020549
4
0.005480
0.010959
0.013699
0.016439
0.019179
0.021920
0.024660
0.027400
0.006850
0.010274 | 0.013699
0.008219 0.012329| 0.016439
0.014384 0.019180
0.021920
0.024660
0.017124
0.020550
0.023975
0.027400
0.034251
0.030826
0.036992
0.043159
0.049326 0.054808
0.024660
0.028771
6
0.020550
0.028771
0.032881
0.041103
7
0.010959
0.038362
0.043844
0.049326
0.009589
0.023975
0.033566
0.047955
0.016440
0.027401
0.032881
0.038363
0.018495
0.020550
0.022605
0.024660
0.017810 | 0.026716
9.
0.012329
0.030826
0.036992
0.043159
0.055493
0.061661
0.013699
0.015070
0.016440
0.061661
0.067829
0.073998
0.080167
10
0.027401
0.034252
0.041103
0.047956
0.054808
0.068514
0.037678
0.041104
11
0.030141
0.045215
0.052752
0.060290
0.075368
0.032882
0.035622
12
0.049326
0.057549
0.065773
0.082223
13
0.044530
0.053438
0.062347
0.071256
1.089078

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Compound interest is the interest which gets add to the principal . it is also known as interest on interest

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