QUESTION FOUR
Suppose on January 1 you deposit
Step 1 :Given the initial deposit P = $100, annual interest rate r = 11.33463%, daily compounding n = 365, and time t = 9 months (0.75 years). We use the compound interest formula: A = P * (1 + r/n)^(nt)
Step 2 :Plug in the values: A = 100 * (1 + 0.1133463/365)^(365 * 0.75)
Step 3 :Calculate the future value: A = 108.87132870768002
Step 4 :