Question
Bucher Credit Bank is offering 6 percent compounded daily on its savings accounts. Assume that you deposit $5,700 today. Requirement 1: How much will you
Bucher Credit Bank is offering 6 percent compounded daily on its savings accounts. Assume that you deposit $5,700 today.
Requirement 1: |
How much will you have in the account in 3 years? (Enter rounded answer as directed, but do not use rounded numbers in intermediate calculations. Use 365 days in a year. Round your answer to 2 decimal places (e.g., 32.16).) |
Future value | $ |
Requirement 2: |
How much will you have in the account in 6 years? (Enter rounded answer as directed, but do not use rounded numbers in intermediate calculations. Use 365 days in a year. Round your answer to 2 decimal places (e.g., 32.16).) |
Future value | $ |
Requirement 3: |
How much will you have in the account in 12 years? (Enter rounded answer as directed, but do not use rounded numbers in intermediate calculations. Use 365 days in a year. Round your answer to 2 decimal places (e.g., 32.16).) |
Future value | $ |
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