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32. The ShortHolder bank pays 5.60% p.a., but with daily compounding assume a 360-day year), on a 9-month certificate of deposit. If you deposit $14,000

32. The ShortHolder bank pays 5.60% p.a., but with daily compounding assume a 360-day year), on a 9-month certificate of deposit. If you deposit $14,000 you would expect to earn __________ in interest (rounded to the nearest dollar).

33. What is the future value at the end of year 14 of a $20,000 invested today into an account that 6.75% p.a., but with continuous compounding?

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