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amount of investment: $4597.00
date of deposit: 10/7/2006
interest rate: 6.797
APY: 7.00
term: 7 months
compounded daily: 183 days to maturity

Question: how much interest earned?

2006-11-23 10:13:20 · 2 answers · asked by normitabetancourt 1 in Business & Finance Investing

2 answers

I would just ask my financial institution, but to make a rough estimate, I would say a little less than $35.00 total

2006-11-23 10:22:11 · answer #1 · answered by wellaem 6 · 0 0

Some inconsistencies here... 183 days is six months, not seven.
APR 6.797% = 7.033%

Interest = 159.34 @ APR 6.797% for 183 days

PV x (1+APR/365)^(days) = Future Value

2006-11-23 11:49:01 · answer #2 · answered by csanda 6 · 0 0

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