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Determine the amount of money that will be accumulated in an account that pays compound interest, given the initial principal of $28,000 invested at 2.81%

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Determine the amount of money that will be accumulated in an account that pays compound interest, given the initial principal of $28,000 invested at 2.81% annual interest for 5 years compounded (a) daily (n = 365); (b) continuously. (a) $ will be accumulated in an account that pays interest that is compounded daily. (Round to the nearest cent as needed.)

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