I have a question about interest rates compounded daily
An investment will pay you $58,000 in seven years. If the appropriate discount rate is 10 percent compounded daily, the present value is
I know I have this as a formula
PV = $58,000 / [(1 + .10/365)7(365)] =
How do I do compounded (division of 365) with a financial calculator?
With a BA II financial calculator?
Thread: Finance majors (will rep)