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9. You deposit $100,000 in a bank account, that pays 4% nominal interest rate, compounded daily. How much will you have in your account after

9. You deposit $100,000 in a bank account, that pays 4% nominal interest rate,

compounded daily. How much will you have in your account after 5 years?

A. $ 104,000

B. $ 120,000

C. $122,000

D. none of the above; the correct answer is

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