1 On April 1, a business owner made a deposit of $16,900 to open a...
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Finance
1 On April 1, a business owner made a deposit of $16,900 to open a savings account paying 3% compounded daily. A withdrawal of $4600 was made 20 days later and another withdrawal of $990 was made 9 days before July 1. Find the interest earned through July 1 and the account balance on that date. (Hint See the table footnote for 91 days.) Click the icon to view the 3.5% compound interest table How much interest is earned through July 1? (Round to the nearest cent as needed.)
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