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A bank offers an investment account with an annual interest rate of 1.21% compounded daily. Elsa invests $3300 into the account for 2 years. Answer
A bank offers an investment account with an annual interest rate of 1.21% compounded daily. Elsa invests $3300 into the account for 2 years. Answer the questions below. Do not round any intermediate computations, and round your nal answers to the nearest cent. If necessary, refer to the )8" Shot list of nancial formulas. Assume there are 365 days in each year. l2...6.50 AM (a) Assuming no withdrawals are made, how much money is in Elsa's account X \\(3 after 2 years? ' $] (b) How much interest is earned on Elsa's investment after 2 years? $[l 'opic 6 MA resource
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