Question
Bucher Credit Bank is offering 6.4 percent compounded daily on its savings accounts. Assume that you deposit $6,100 today. How much will you have in
Bucher Credit Bank is offering 6.4 percent compounded daily on its savings accounts. Assume that you deposit $6,100 today.
How much will you have in the account in 3 years? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16. Use 365 days in a year.) Future value $
How much will you have in the account in 6 years? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16. Use 365 days in a year.) Future value $
How much will you have in the account in 12 years? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16. Use 365 days in a year.) Future value $
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