A local credit card company receives a constant flow of

Reference no: EM13591014

A local credit card company receives a constant flow of cash from its customers. The checks are deposited continuously in the bank with an average of $750,000 deposited monthly at 1.5% per month compounded continuously. Assuming all money remians in the account all month, how much interest money is earned each month?

Reference no: EM13591014

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