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A deposit of $40,000is placed in a scholarship fund that earns an annual interest rate of3.75% compounded daily. Find the value (in dollars) of the
A deposit of $40,000is placed in a scholarship fund that earns an annual interest rate of3.75% compounded daily. Find the value (in dollars) of the account after4years.(Assume all years have 365 days. Round your answer to the nearest cent.)
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