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Calculating earned interest?

What formula can I use to calculate 5.40% APY, 5.27% divedend rate for 12 months. compounded daily???????

2007-01-19 07:19:26 · 1 answers · asked by IAMGODD 2 in Business & Finance ➔ Investing

1 answers

For an annual rate i, and time period m

(1+i/m)^m is an annual rate.

2007-01-21 13:57:26 · answer #1 · answered by Modus Operandi 6 · 0⤊ 0⤋

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