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Assume that you save 1 penny a day for 50 years, that you de

Paper help Economics Assume that you save 1 penny a day for 50 years, that you de

Economics

Assume that you save 1 penny a day for 50 years, that you de

Assume that you save 1 penny a day for 50 years, that you deposit it in the bank at the end of each… Show more Assume that you save 1 penny a day for 50 years, that you deposit it in the bank at the end of each month, and that there are 30.5 days per month (you save 30.5 cents each month). How much do you have after 50 years, if: a) The bank does not pay any interest. b) The bank pays 2% per month interest. • Show less

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