How much is it per day if the interest is 5% per year?

interest finance

In two years, 5% is compounded.

Then, do I set the interest rate for the day to be compounded so that it is 5% per year?

1333 2016-06-23 Gentleman

A. 1

That makes sense Haha
In reality, we simply calculate 5% / 365 days = 0.0137%.

Gentleman 8 years ago 0

A. 2

It makes sense, but if you calculate it like that, it becomes too complicated, so you simply use a dissection method, not a compound method, as a unit.
So 5% / 365 days = 0.0137%.

Gentleman 8 years ago 0

Same Tag Can I pay by credit card if I exceed my baggage when I check in on the plane?

Same Tag From when to when is the previous month's performance?

Same Tag Is it necessary to make a reservation at Agoda and then take a credit card?

Same Tag Can I get rid of the card I made when I took out a bank loan?

Same Tag Do you still have a check?

Same Time I'd like to know the ingredients of fresh leaf tea.

Same Time How much is it per day if the interest is 5% per year?

Same Time Can I play Minecraft on Xbox?