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ade annual deposits of $1,000 at the beginning of each year to Fleet Bank, which pays 5.8% interest compounded annually. After 10 years, Dave makes
ade annual deposits of $1,000 at the beginning of each year to Fleet Bank, which pays 5.8% interest compounded annually. After 10 years, Dave makes no more deposits. What will be the balance in the account 18 years after the last -? (4) _$. How much more interest will Dave accumulate over the 28 years if his account earns 5.8% compounded daily? (5) $. under this rate, the EAR should be (6) 12). % (If your answer is 0.12%, you should Dave made annual deposits of $1,000 at the beginning of each year to Fleet Bank, which pays 5.8% interest compounded annually. After 10 years, Dave makes no more deposits. What will be the balance in the account 18 years after the deposit? (4) $. How much more interest will Dave accumulate over the 28 years if his account earns 5.8% compounded daily? _(5)__$. under this rate, the EAR should be _(6)_ _%(If your answer is 0.12%, you s input 0.12)
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