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Alyssa M.

asked • 09/04/20

For each of the following accounts, determine the growth factor and percent change for the account value over one compounding period.

Account C has a 3.9% APR compounded daily (365 times a year). Determine the account value's growth factor and percent change per compounding period.


Daily Growth Factor: .39/365+1

What is the daily percent change? 

1 Expert Answer

By:

Tracy D.

tutor
ah, and divide that by 365 to get the daily growth rate that has been compounded....
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09/04/20

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